Recent Streetsblog NYC posts about MTA

Fare Hike 2011: It’s Official

| | 20 Comments
The monthly unlimited Metrocard will break the $100 barrier on January 1, following today’s 12-2 MTA Board vote to balance the agency’s budget by enacting a package of fare increases. (Get full details on the fare hike package from Ben Kabak.) NY1’s John Mancini reports that the MTA Board faced some predictably withering public testimony […]

Albany Grabs Another $16.7 Million From MTA

| | 22 Comments
Last week, the MTA announced it lost another $16.7 million to an Albany raid [PDF]. Because of lower-than-expected federal assistance for Medicaid, Albany instituted an across-the-board budget sweep of 1.1 percent, cutting state spending and also siphoning off theoretically separate revenue streams dedicated to specific programs and agencies, like the MTA. It’s a reminder that the […]

New York Transportation Officials: We’re Broke

| | 8 Comments
The state’s top transportation officials delivered some tough news to the construction industry Friday: Public agencies are so cash-strapped they don’t even have enough money to maintain existing infrastructure. With budgets battered by rising maintenance costs and recession-ravaged revenues, an industry-sponsored conference offered little prospect of further expansions to the state’s transportation system beyond the […]