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The budget problems stem from multiple sources. The MTA cannot be supported solely by rider fares and road tolls. In the preliminary 2011 budget, MTA forecasted operating revenue totaled at $6.5 billion, amount to only 50% of the $13 billion operating expenses. Therefore, the MTA must rely on other sources of funding to remain operational.
By December 2020, the MTA had decided not to implement a budget that would have resulted in 40% service cuts and massive staff layoffs, under the assumption that Congress would give $4.5 billion of aid to the MTA.
Andy Byford said fare evasion is a factor in the MTA's budget problems, drawing fire from the Manhattan DA's office. Noah Manskar , Patch Staff Posted Wed, Nov 21, 2018 at 4:39 pm ET |...
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...
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. Skip to ...
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 MTA has already held about 25 public outreach events and hearings and responded to 70,000 comments from residents, Lieber said. ... State as "a convenient way to fill an MTA budget hole ...
The MTA's 2019 budget relies on about $270 million in revenue from fare increases planned for next year. Noah Manskar , Patch Staff Posted Thu, Dec 13, 2018 at 5:06 pm ET
A Daily News article says the MTA budget for 2018 is $16.6 billion that burdens taxpayers. There is also the 2015-2019 MTA Capital Program web page here detailing $33.2 billion in capital improvements that tax payers have to contribute to. Lastly, here is the 2018 adopted budget from the MTA website.
The transit agency had budgeted $2.75 million for 205,000 Via boardings. They ended up paying $2.9 million for 127,000 boardings. The fixed-route buses managed 2.45 million boardings at a cost of ...