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Can someone please post the source of this statement?
They can't. The headline is misleading if not completely invented. The city lost $690 million to fair evasion in 2022 and likely a similiar number in 2023. Source https://www.transittalent.com/articles/index.cfm?story=New_York_MTA_Fare_Evasion_5-17-2023
The key word is caught.
They are comparing the ENTIRE COST of fare enforcement to the individuals actually caught and fined for fare evasion (and even then only for individual trips when they likely were evading fares for some time). It ignores the massive amount lost to fare evasion, and all the people that paid because they wished not to be caught.
157 comments