Recent Streetsblog NYC posts about MTA

Cuomo, Albany Balance MTA’s Books on the Backs of Straphangers

By Ben Fried | Jul 27, 2011 | 27 Comments

Ever since the State Senate killed bridge tolls in the 2009 MTA funding package, the question has lingered: How is Albany going to finish the job and pay for the final three years of the MTA’s five-year capital program? To simplify somewhat, the options were: A) Implement a new revenue stream, such as the aforementioned […]

MTA Identifies $2 Billion in Savings — Now Comes the Hard Part

By Noah Kazis | Jul 26, 2011 | 7 Comments

Jay Walder’s surprise resignation announcement last week overshadowed some important news about the MTA’s finances: The agency has identified $2 billion in savings in its capital program [PDF], which maintains and expands the transit system, but expects $1 billion less in federal assistance. That brings the total gap in the five-year, $26 billion capital plan […]

Walder Praised After Resigning; Successor Will Be Thrust Into Era of Scarcity

By Noah Kazis | Jul 21, 2011 | 19 Comments

In his relatively brief time at the helm of the MTA, Jay Walder earned widespread plaudits for introducing technological innovations while guiding the agency through increasingly perilous financial straits. His departure comes at a critical moment for the transit agency. With a $9 billion deficit facing the MTA’s capital program at the end of this […]

Jay Walder Resigns as MTA Chief, Effective October 21 [Updated]

By Ben Fried | Jul 21, 2011 | 15 Comments

After a two-year tenure during which he earned the praise of transit advocates as a skilled and innovative leader, MTA Chair Jay Walder has announced that he will step down effective October 21. Walder, who was appointed by governor David Paterson in July 2009 and took the CEO position that October, will be taking the […]

Without New MTA Funds, Transit Riders May Face Return of 70s-Era Disrepair

By Noah Kazis | Apr 14, 2011 | 13 Comments

Last week we wrote about how the looming $10 billion deficit in the MTA’s capital plan could lead to a $3.00 fare and $137 monthly pass within three years. That’s not the only way the transit authority could decide to respond to a lack of funding, however. At the other end of the spectrum from […]

Fare Hike 2014: Without New MTA Revenue, $137 Monthly Pass Could Happen

By Noah Kazis | Apr 7, 2011 | 53 Comments

With each passing month, the MTA comes closer to the day of reckoning on its unfunded capital plan — the maintenance work that keeps trains and buses running and the expansion projects that provide more access to the system. While the first two years of the 2010-2014 capital budget were funded, there is a $10 […]

Show More Stories