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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.
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.
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...
: 8 (PDF p.11) In 1999, the MTA proposed a $17 billion five-year capital budget. This budget included a $1.6 billion LIRR connection to Grand Central, as well as several subway extensions. The project's final environmental impact assessment (FEIS) was released in March 2001.
Subway Fare Hikes Won't Fix MTA's Budget Woes, Comptroller Says The MTA plans to increase subway fares in 2019 and 2021. It'll face a $634 million budget gap in 2022 anyway.
Traffic & Transit Fare Hikes Grow Nearer As MTA Budget Passes The MTA's 2019 budget relies on about $270 million in revenue from fare increases planned for next year.
The San Francisco Municipal Transportation Agency (SFMTA or San Francisco MTA) is an agency created by consolidation of the San Francisco Municipal Railway (Muni), the Department of Parking and Traffic (DPT), and the Taxicab Commission.
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 ...
New Jersey legislators peppered the state’s top transportation leaders with questions about NJ Transit’s budget problems, a controversial project to widen the New Jersey Turnpike, questionable...
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.