Maintaining the New York City subway system is an astronomical financial undertaking due to its 24/7 operations and aging infrastructure. For the fiscal year 2026, the MTA Operating Budget (which covers the day-to-day costs like cleaning, minor repairs, and paying the 70,000 employees) is approximately $21.3 billion. However, this is only part of the story. The MTA Capital Program, which focuses on long-term "state of good repair" projects—such as replacing 100-year-old signals, upgrading stations for accessibility, and purchasing new R211 subway cars—is even more expensive. The 2025–2029 Capital Plan envisions spending over $50 billion over five years. This means that between daily operations and long-term modernization, the subway system requires nearly $15 billion to $20 billion annually to remain functional and safe. Funding comes from a mix of passenger fares (about 39% of the operating budget), dedicated taxes on payroll and real estate, and massive federal and state grants. Without this constant influx of billions of dollars, the "subway that never sleeps" would quickly succumb to the intense wear and tear of carrying millions of passengers every single day.