Search results
Results from the Go Local Guru Content Network
The proposed $19.2 billion budget for 2023 will not entirely address the "fiscal cliff" the MTA is facing, Willens said. The board was not asked to take any action Wednesday; a vote on the ...
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 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.
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...
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...
The MTA said the lawsuit placed numerous projects and 20,000 jobs at risk; a large portion of the MTA's 2025–2029 capital plan was to be financed by the toll. The proposed toll rates were released in late November 2023, [162] [163] and the MTA board approved the toll rates early that December.
Officials Worry MTA Budget Puts Subways On 'Chopping Block' The MTA Board approved the $16.1 billion plan despite objections from Mayor Bill de Blasio's appointees. Noah Manskar , Patch Staff
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 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 ...
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