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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.
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...
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...
The budget deficit of the MTA is a growing crisis for the organization as well as for New York City and State residents and governments. The MTA held $31 billion in debt in 2010 and it also suffered from a $900 million gap in its operating budget for 2011.
Since the opening of the original New York City Subway line in 1904, and throughout the subway's history, various official and planning agencies have proposed numerous extensions to the subway system. The first major expansion of the subway system was the Dual Contracts, a set of agreements between the City of New York and the IRT and the BRT.
Metro-North Railroad ( reporting mark MNCW ), [8] trading as MTA Metro-North Railroad, is a suburban commuter rail service operated by the Metropolitan Transportation Authority (MTA), a public authority of the U.S. state of New York. Metro-North serves the New York Metropolitan Area, running service between New York City and its northern ...
MTA Must Make Plan To Tackle Fare Evasion Under State Budget - New York City, NY - The state budget requires the MTA to create a fare evasion plan with input from the mayor, the governor and the ...
By Associated Press and Greg Mocker NEW YORK (AP) -The base MTA subway fare would jump to $3.15. The monthly unlimited card would cost another $17. But the key word is "would" (you could also say ...
A street elevator serving as an entrance to the underground 66th Street–Lincoln Center station. The physical accessibility of the Metropolitan Transportation Authority (MTA)'s public transit network, serving the New York metropolitan area, is incomplete. Although all buses are wheelchair -accessible in compliance with the Americans with ...
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.