Recent Streetsblog NYC posts about Transit Funding

Albany Grabs Another $16.7 Million From MTA

By Noah Kazis | Oct 5, 2010 | 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 […]

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FTA: Transit Maintenance — Not Just Expansion — Will Grow Ridership

By Tanya Snyder | Oct 4, 2010 | No Comments

Aging infrastructure across the country has become an enormous safety risk. It’s also becoming an economic hazard. Last year, the Federal Transit Administration announced that the seven largest rail transit systems had a backlog of $50 billion in maintenance needs to bring them into a state of good repair. In June, the agency determined that […]

Cuomo’s Econ Plan Whispers Sweet Transportation Nothings

By Noah Kazis | Oct 1, 2010 | 17 Comments

When Andrew Cuomo released his “New York Works” economic development plan earlier this week, much attention was paid to the fact that he did it in Carl Paladino’s backyard. But there’s also a full chapter on rebuilding New York State’s infrastructure, particularly its transportation system, buried in that document. The Cuomo transportation plan bears all […]

DiNapoli’s Press Release Obscures Biggest Source of MTA Budget Woes

By Ben Fried and Noah Kazis | Sep 29, 2010 | 8 Comments

Earlier this week State Comptroller Tom DiNapoli came out with his latest report on the MTA’s troubled finances [PDF], and if you take a look at the numbers, the big takeaway is pretty stark. Without funding for the $9.9 billion hole in the agency’s capital program, MTA debt will soar even higher. If legislators don’t […]