Three Ways the MTA’s Finances Are Severely Screwed
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The MTA may be cash-strapped, but it has even deeper problems than that.
Recent Streetsblog NYC posts about Jim Brennan
36 Assembly Members to Cuomo: Stop Playing Games and Fund the MTA
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Andrew Cuomo wants New Yorkers to think he’s taken care of the multi-billion dollar funding shortfall for the MTA capital program, even though his new budget allocates no new funds for the MTA. Well, 36 members of the Assembly aren’t buying it. In a letter to Cuomo, Brooklyn Assembly Member Jim Brennan called on the governor to commit $1.825 billion […]
Jim Brennan’s Transpo $ Plan: Gas Tax, Income Tax, and Forced City Funding
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A bill from Assembly Member Jim Brennan, who chairs the Committee on Corporations, Authorities and Commissions, would create a transportation finance authority to collect new taxes and help fund the MTA as well as roads, bridges, and transit statewide. It’s the first major transportation funding proposal to come out of Albany this year. “Time is growing […]
Assembly Members: We Have to Stop Cuomo’s $40 Million Transit Raid
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Yesterday, a group of Assembly members and advocates took Governor Cuomo to task for the $40 million transit raid in his budget proposal. The legislators unveiled a letter [PDF] urging Assembly Speaker Sheldon Silver to restore the funds in the legislative budget, due for a vote on March 12. In the executive budget, Cuomo wants to […]
Who, Me? Cuomo Vetoes Lockbox Bill, Denies Raiding Transit
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Hours after the MTA announced that it would be scaling back planned fare hikes in part because of better-than-expected tax receipts, Governor Cuomo vetoed two transparency bills designed to discourage Albany from siphoning away those very same dedicated transit funds. The governor capped his veto with a brazen denial: Despite getting caught raiding the MTA’s budget earlier […]
Jim Brennan Reintroduces $4.5 Billion Bond Measure for Transit and Roads
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When New Yorkers go to the polls less than a year from now, they’ll definitely be voting for a new mayor, and they might also be voting for billions in state-backed transportation funding, if a measure put forward by Assembly Member James Brennan clears Albany. Brennan, a Brooklyn Democrat representing Park Slope, Windsor Terrace, and […]