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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...
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.
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 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.
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.
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...
Traffic & Transit Fare Hikes Could Come To Metro-North To Address 'Fiscal Cliff': MTA Post-COVID impacts including dramatically reduced ridership has led to a deep budget shortfall, officials...
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...