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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.
Fare Hikes Could Come To Metro-North To Address 'Fiscal Cliff': MTA - New Rochelle, NY - Post-COVID impacts including dramatically reduced ridership has led to a deep budget shortfall,...
Delays hit at least 10 MTA subway lines during Thursday's morning rush hour, officials said. A person hit by a train, a disruptive passenger, signal problems and a train so dirty it had to be...
Most MTA lines are back, but riders should still expect delays and service changes. (Craig Ruttle/AP) NEW YORK CITY — Most MTA subways are back in service Friday morning, albeit with...
The New York City Transit Authority (also known as NYCTA, the TA, [2] or simply Transit, [3] and branded as MTA New York City Transit) is a public-benefit corporation in the U.S. state of New York that operates public transportation in New York City. Part of the Metropolitan Transportation Authority, the busiest and largest transit system in ...
The pilot program, which was funded to the tune of $15 million as part of Gov. Hochul’s MTA budget, will temporarily make one line per borough free to use starting Sept. 24. The trial is set to ...
There will be a 60-day public comment period followed by public hearings. Cars would be charged $15 for entering Manhattan below 60th Street
The $15 for cars will be in addition to the $17.63 drivers pay at the Lincoln and Holland tunnels starting in 2024 according to a draft of the report.
Subway Chief Cites Fare-Beating In MTA Budget Woes Andy Byford said fare evasion is a factor in the MTA's budget problems, drawing fire from the Manhattan DA's office. Noah Manskar ,...