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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,...
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...
LONG ISLAND, NY — A dramatic drop in ridership since the COVID-19 pandemic has led to a funding shortfall for the MTA — and could lead to potential fare hikes, service cuts and other measures ...
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.
The New York City Transit Authority (also known as NYCTA, the TA, or simply Transit, 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.
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...
By 2017, a sixth of the MTA's budget was allocated to paying off debt, a threefold proportional increase from 1997. The city's $250 million annual contribution to the MTA budget in 2017 was a quarter of the contribution in 1990.
In addition to reducing congestion and improving air quality in Manhattan, the toll would raise $1 billion a year for the MTA's capital program.
NEW YORK CITY — Delays hit 10 different subway lines during rush hour Wednesday, MTA officials said. An array of problems — from disruptive passengers to crew shortages — prompted the delays ...
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...