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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.
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Planned West End Street Railway system, 1885; consolidation of these lines was complete by 1887. See also 1880 horse railway map.. Mass transportation in Boston was provided by private companies, often granted charters by the state legislature for limited monopolies, with powers of eminent domain to establish a right-of-way, until the creation of the MTA in 1947.
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It is publicly owned by the Metropolitan Transportation Authority, which refers to it as MTA Long Island Rail Road. In 2023, the system had a ridership of 75,186,900, or about 276,800 per weekday as of the second quarter of 2024. The LIRR logo combines the circular MTA logo with the text Long Island Rail Road, and