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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...
Subway Fare Hikes Won't Fix MTA's Budget Woes, Comptroller Says - New York City, NY - The MTA plans to increase subway fares in 2019 and 2021. It'll face a $634 million budget gap in 2022...
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.
The proposed $19.2 billion budget for 2023 will not entirely address the "fiscal cliff" the MTA is facing, Willens said. The board was not asked to take any action Wednesday; a vote on the ...
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.
Budget cuts. The MTA faced a budget deficit of US$1.2 billion in 2009. This resulted in fare increases (three times from 2008 to 2010) and service reductions (including the elimination of two part-time subway services, the V and W). Several other routes were modified as a result of the deficit.
The cash-strapped MTA will get $1.1 billion in the budget deal — a bailout that likely will forestall fare hikes. The deal proposes to do this by raising the state's payroll mobility tax for...
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 ...
MTA Thinks So - New York City, NY - Grab a peek at redesigned subway gates that MTA officials believe could combat fare evasion — a $285 million problem last year, they say.
The MTA budgeted a total of $10.178 billion to the project over five 5-year capital programs, up to and including the 2015–2019 capital program. Of these, 27% are federal funds and the other 73% are local funds.