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The cash-strapped MTA will get $1.1 billion in the budget deal — a bailout that likely will forestall fare hikes.
NEW YORK CITY — A budget under consideration by MTA board members assumes there will be no hope on the horizon in 2021. The transit agency's board met Wednesday to discuss a grim budget plan for ...
The MTA held $31 billion in debt in 2010 and it also suffered from a $900 million gap in its operating budget for 2011. [130] The capital budget, which covers repairs, technological upgrades, new trains, and expansions, is currently $15 billion short of what the MTA states it needs.
Subscribe. 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...
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 TBTA is the largest bridge and tunnel toll agency in the United States by traffic volume. It generated more than $2.4 billion in toll revenue from 335 million vehicles in 2023. [2] As of 2023, its operating budget was $596 million; [3] the budget is funded through taxes and fees. [5]
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.
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.
The state budget passed last week requires the transit agency to develop a plan to fight fare-beating with input from Gov. Andrew Cuomo, Mayor Bill de Blasio and the city's five district...
In 2023, the Metro system had a total ridership of 284,901,000, and had a ridership of 907,500 per weekday as of the fourth quarter of 2023. It is the largest transit agency by ridership in the state of California, and the third-largest in the United States.