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The MTA funds were described as a "piggy bank" for the state, with the issuance of MTA bonds benefiting the state at the MTA's expense. [156] By 2017, a sixth of the MTA's budget was allocated to paying off debt, a threefold increase from the proportion in 1997.
In other MTA news, the Post reports that the board is looking to raise fares on LIRR and Metro-North riders, with hikes of 8.19 percent to 9.31 percent. Find out what's happening in Bayside ...
Drivers would be able to pay by a debit from their E-ZPass account or a debit from a pre-paid non-E-ZPass account linked to the vehicle's license plate number. For drivers without traffic payment accounts, they would have 48 hours to pay via phone, the Internet, text messaging, or cash transactions at participating retailers. [30]: 143–144
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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.
SmarTrip was the first contactless smart card for transit in the United States [23] when WMATA began selling SmarTrip cards on May 18, 1999. [24] By 2004, 650,000 SmarTrip cards were in circulation. [25]
Projects being built under MTA Capital Construction include the East Side Access and phases 2, 3, and 4 of the Second Avenue Subway. The Fulton Center was completed in November 2014 under MTA Capital Construction; [ 4 ] the 7 Subway Extension was completed in September 2015; [ 5 ] [ 6 ] and the Second Avenue Subway's first phase was completed ...
A bill to create the TBA passed quickly through both houses of the state legislature, [15] and was signed by Governor Herbert H. Lehman in April 1933. The bill included a provision that the authority could sell up to $35 million in bonds and fund the remainder of construction through bridge tolls.