Recent Streetsblog NYC posts about Transit Funding

Saying that the “budgetary crisis of the MTA is not a substantial state concern,” a state Supreme Court judge ruled yesterday that the MTA Payroll Mobility Tax is unconstitutional. Although taxes will continue to be collected as the MTA appeals the case to a higher court, yesterday’s decision puts $1.5 billion, or approximately 12 percent of the MTA’s annual […]

Wondering how the MTA could afford to restore service on 24 bus lines and postpone next year’s fare hikes? New budget documents show where the transit system’s revenues and costs beat expectations, leaving the small and fragile surplus. The biggest savings came from cheap energy. Revenues from riders were up, but the important yet volatile […]

Across the city, New Yorkers are still demanding their transit back. A dozen elected officials joined the Transport Workers Union on the steps of City Hall this afternoon to demand that all of 2010’s MTA service cuts be restored. Around one-third of the eliminated service will be reinstated under a plan released by the MTA […]