The MTA is looking to get $338 million dollars from the state next year. The funds would be obtained from dedicated taxes from the state’s Mass Transit Operating Assistance Account. If history is any indication, the MTA shouldn’t hold their breath waiting for that amount if any to be given to them. Though the money is owed to the MTA, history has shown that the state has regularly raided the fund for non MTA related projects.
The MTA expects the state to hand over $169 million dollars in 2009 from the account. They also want a recurring $50 million from the legislature beginning in 2008 along with an annual $600 million in recurring state aid starting in 2010. MTA CEO Elliot Sander also hopes to get money from congestion pricing if the plan gets approved.
My opinion, good luck seeing a dime of the money you truly deserve!