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The MTA has consistently run on a deficit, but increased spending in 2000–04 coupled with the economic downturn led to a severe increase in the financial burden that the MTA bore. The budget problems stem from multiple sources. The MTA cannot be supported solely by rider fares and road tolls.
By December 2020, the MTA had decided not to implement a budget that would have resulted in 40% service cuts and massive staff layoffs, under the assumption that Congress would give $4.5 billion of aid to the MTA.
NEW YORK CITY — The coronavirus pandemic will leave the MTA with a $16.2 billion budget deficit if the transit agency doesn't cut costs and receive billions in federal aid, officials said.
The state budget requires the MTA to develop a plan to combat fare evasion. (Photo from Shutterstock) NEW YORK — The MTA says it is working to combat fare evasion, but now officials will have...
Subway Chief Cites Fare-Beating In MTA Budget Woes - New York City, NY - Andy Byford said fare evasion is a factor in the MTA's budget problems, drawing fire from the Manhattan DA's...
ABQ RIDE (City of Albuquerque Transit Department) is the local transit agency serving Albuquerque, New Mexico.ABQ RIDE operates a variety of city bus routes including two Albuquerque Rapid Transit (ART) bus rapid transit lines and a currently suspended ARTx express bus line It is the largest public transportation system in the state, serving 6,907,500 passengers in 2023, or about 21,100 per ...
Traffic & Transit Fare Hikes Could Come To Metro-North To Address 'Fiscal Cliff': MTA Post-COVID impacts including dramatically reduced ridership has led to a deep budget shortfall, officials say.
NJ legislators peppered state transportation leaders about NJ Transit’s budget problems, a project to widen the Turnpike and pedestrian fatalities
The MTA has already held about 25 public outreach events and hearings and responded to 70,000 comments from residents, Lieber said. ... State as "a convenient way to fill an MTA budget hole ...
The MTA faced a budget deficit of US$1.2 billion in 2009. This resulted in fare increases (three times from 2008 to 2010) [276] and service reductions (including the elimination of two part-time subway services, the V and W ).