MTA Finances
MTA Capital Plan Funding To Occur In Fall
Where funding for the last 3 years of the MTA’s current Capital Program would come from has been a hot question inside transit circles of late. Many were wondering when the Cuomo administration would tackle the issue & the answer is upon us. According to a report in Crain’s New York Business, a push for [...]
MTA Looking To Get $150M For 347 Madison
Once again, the MTA is looking to unload one of their real estate holdings to help boost the bottom line. Last month, reports started to surface that the agency was looking to unload the 347 Madison Ave property & the 2 adjoining ones at 341 & 345 respectively. Fast forward to yesterday where the New [...]
Free Rides Come One, Come Many….
It never fails as every few months, an elected official genius or two will promote or share some asinine idea involving the MTA with zero merit behind it. Cue up the latest individuals, some unnamed members of the State Legislature which have introduced bills that would mandate the MTA to provide free or discounted rides [...]
The MTA Prepares For Next Budget War
A new year yet a very familiar story. The MTA is up against it financially & any sort of budget miracle seems to be a fantasy. The latest issue stems from the budget plan released by Rep. Paul Ryan last week which would cost the cash strapped agency $2.3B over a 10 year period. While [...]
Cuomo Plan Axes $100M From MTA Budget
Yesterday morning I wrote about Gov. Cuomo’s delusional fantasy world where taking money from the MTA would keep fares & services at current levels. Hours after my entry, he revealed his budget plan & as expected contains a huge blow to the MTA. Gov. Cuomo would ax $100M from the MTA’s budget. Andrew Grossman of [...]
