MTA Finances

Cuomo Budget Has $65M Cut To MTA Funds

In a Daily News Exclusive, the exclusive budget revealed by Gov. Cuomo last month includes a well hidden cut of $65M in funding to the MTA. Dan Rivoli has more: The suffering subway, bus and rail system may have less money to move New Yorkers. A line tucked deep in Gov. Cuomo’s executive budget from […]

MTA Reaches Deal With TWU Local 100

Thankfully for the sake of riders throughout the region, the MTA has reached a deal (pending MTA Board approval) with Transport Workers Union Local 100. Based on the initial terms of the deal, I feel it is safe to say that the union won this round of the never ending battle between the heavyweights as […]

MTA Pays $1.2M To Settle Lawsuit

The MTA is shelling out the dough as it was just discovered that the agency had to pay out $1.2 million to settle a racial discrimination lawsuit from Black & Hispanic transit cops. Reuven Blau of the New York Daily News has more in this exclusive: The MTA quietly paid $1.2 million to settle a […]

MTA Approves 2015-2019 Capital Program

This past Wednesday, the MTA approved its 2015-2019 Capital Program which includes $3 billion in cost reductions. Here is more via official press release: The Metropolitan Transportation Authority (MTA) Board today approved its 2015-19 Capital Program, the largest investment ever in the subways, buses, railroads, bridges and tunnels that keep New York moving. The Capital […]

MTA Bond Credit Rated AA+

Earlier this afternoon, the MTA sent out word that their bond credit rating was scored at AA+ by the Kroll Bond Rating Agency. Here is more about that via an official press release: The Metropolitan Transportation Authority (MTA) today announced that bonds issued through its Transportation Revenue Bond (TRB) credit have been rated AA+ by […]