Search results
Results from the Go Local Guru Content Network
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 November plan outlines actions from the MTA to shrink the structural deficit from $2.6 billion to $600 million in 2023 and from almost $3 billion in 2025 and 2026 down to $1.2 billion.
MTA employees also suffered due to the budget issues. By mid-July 2010, MTA layoffs had reached over 1,000, and many of those affected were low-level employees who made less than $55,000 annually. As of 2015, the MTA was running a $15 billion deficit in its $32 billion 2015–2019 Capital Plan.
The cash-strapped MTA will get $1.1 billion in the budget deal — a bailout that likely will forestall fare hikes. The deal proposes to do this by raising the state's payroll mobility tax for New ...
The New York Times described MTA funds as a "piggy bank" for the state, with the issuance of MTA bonds benefiting the state at the MTA's expense. By 2017, a sixth of the MTA's budget was allocated to paying off debt, a threefold proportional increase from 1997.
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 ...
May 10, 2024 at 4:03 PM. SACRAMENTO, Calif. (AP) — California has a huge budget problem that could force thorny decisions from Democratic leaders who enjoyed a more than $100 billion surplus ...
Though it seemed in jeopardy last year, funding is now back on the table after the MTA's budget deficit was reduced by the federal stimulus, and could be further lightened by President Joe...
The agency is facing a more than $100 million budget deficit this coming fiscal year and a nearly $1 billion shortfall the year after, shortfalls mass transit agencies around the country are ...
The Nassau Inter-County Express ( NICE) is the local bus system serving Nassau County, New York. It also serves parts of western Suffolk County, New York as well as eastern portions of the New York City borough of Queens. It was formerly operated under the name of MTA Long Island Bus (the trading name of the Metropolitan Suburban Bus Authority ...