Sentences with phrase «mta operating budget»

But it cuts $ 65 million from the MTA operating budget while adding a similar amount for the agency in capital money.

In the 2014 fiscal year, the MTA operating budget was $ 13.9 billion but city residents paid $ 10.1 billion in fares, tolls and taxes.

The total MTA operating budget is nearly $ 12 billion (with a «b»).

Not exact matches

For its annual operating budget, the MTA also depends on state and city subsidies, as well as a dedicated tax revenue, for 43 percent of costs.

The Executive Budget also provides a modest increase in cash operating support for the Metropolitan Transportation Authority (MTA) of $ 43 million, bringing total cash operating support to $ 3.8 billion, and for other transit systems of $ 2 million, bringing their combined total to $ 401 million.

«The MTA is in a very difficult position as it struggles to hold together a strained operating budget while proposing the largest borrowing program in its history to fund capital projects,» DiNapoli said.

With the MTA on track to take on even more debt, squeezing its operating budget for years -LSB-...]

Although the budget also provides $ 100 million to the MTA's capital program from redirected economic development funds, it also proposes using $ 165 million of Metropolitan Mass Transportation Operating Assistance Account funds to pay debt services on State bonds previously issued for the MTA capital program that otherwise would be paid from the General Fund and transferring $ 35 million in MMTOA funds to the General Fund.

The MTA will borrow billions more to pay for its share of the capital plan, and its debt payments are already a dangerously high share of its operating budget.

The MTA awarded a $ 1.8 billion contract to expand the Long Island Rail Road, even as its commissioners raised concerns about runaway capital - project costs and an increasingly strained operating budget.

Governor Cuomo has said he's agreed to add more than $ 8 billion to the state budget plan towarding closing the MTA budget gap, and the governor has repeatedly pointed out that the city benefits the most from MTA services; while a spokesperson for the mayor said that «New York City, through taxes, tolls and fares already contributes over 70 percent of the MTA's operating budget.»

The MTA expects a balanced operating budget through 2019 but it anticipates budget gaps in subsequent years, beginning at $ 112 million in 2020 and building up to $ 493 million in 2021, even with planned biennial fare and toll increases of 4 percent in 2019 and 2021, according to the report.