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The transit agency's board met Wednesday to discuss a grim budget plan for next year and potential cost-saving measures such as fare hikes. Without $12 billion in federal aid, MTA would be forced ...
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.
The deficit would then stand at $600 million in 2023 and $1.2 billion in 2024 and 2025. The fare hike would result in $50 million in revenue in 2023, and $100 million in 2024. The increase would ...
In internal emails released the same month, the MTA indicated that as a result of budget cuts, some subway staffing and car-cleaning jobs might be eliminated. In addition, the expansion of Select Bus Service in the outer boroughs would be halted until 2021 while the city's bus network was being re-evaluated.
2009–2010 budget cuts 28th Street station after the W train was discontinued in mid-2010. Note the dark grey tape masked over the W bullet. (This sign has since been replaced due to the restoration of the W in 2016.) The MTA faced a budget deficit of US$1.2 billion in 2009.
Number of vehicles. 2,429 commuter rail cars. 6,418 subway cars. 61 SIR cars. 5,725 buses [1] The Metropolitan Transportation Authority ( MTA) is a public benefit corporation responsible for public transportation in the New York City metropolitan area of the U.S. state of New York.
Officials Worry MTA Budget Puts Subways On 'Chopping Block' - New York City, NY - The MTA Board approved the $16.1 billion plan despite objections from Mayor Bill de Blasio's appointees.
The budget cuts were instituted by a state-wide budget decrease of 3% and passed down through the Regional Transit Board, which oversaw all transit operations in the Twin Cities. The budget cuts impacted all transit operations within the Twin Cities with opt-out communities losing $185,000 or roughly 5% of the total amount of money cut.