Albany must secure the MTA’s future - New York Daily News

Dec 13, 2024  · A study by the Partnership for New York City estimated that the last Capital Investment Strategy would generate $62 billion in economic output, and support 57,400 jobs …


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Albany Must Secure The MTA’s Future - New York Daily News

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Dec 13, 2024  · A study by the Partnership for New York City estimated that the last Capital Investment Strategy would generate $62 billion in economic output, and support 57,400 jobs …

nydailynews.com

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MTA Pitches $68 Billion Capital Plan In Albany Amid Concerns Over ...

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11 hours ago  · MTA boss Janno Lieber went before state lawmakers Thursday, defending the transit agency’s $68 billion capital budget in an appearance at a joint legislative committee …

nydailynews.com

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Albany Must Secure The MTA’s Future - Usnewsworld.com

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And since nary infrastructure is much basal to New Yorkers than nationalist transit, the measure sent $10 billion to the Metropolitan Transportation Authority (MTA), alongside further …

usnewsworld.com

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MTA Chair Tells New York Lawmakers The Agency Needs Billions And …

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12 hours ago  · Lieber spoke with CBS News New York after he went hat in hand to Albany asking lawmakers to fund the agency's new $68.4 billion five year capital plan. "The most cost …

cbsnews.com

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New Yorkers To Face New Taxes As MTA Confronts $33 Billion

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Jan 9, 2025  · NEW YORK - New York lawmakers returned to Albany Wednesday faced with the daunting task of finding more cash for the MTA. New taxes and fees are needed to fill a $33 …

cbsnews.com

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MTA Approves $68.4 Billion Capital Plan, Sends It To Albany

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Sep 25, 2024  · The MTA approved on Wednesday its $68.4 billion capital plan for 2025-2029 — even though how much of that plan will be paid for remains up in the air with Gov. Kathy …

amny.com

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New York Lawmakers Could Increase Taxes For MTA Funding: 'Gross ...

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Jan 9, 2025  · The Brief. Lawmakers in Albany are considering raising taxes and fees to help fill in the MTA’s $33 billion budget gap. Several early-stage ideas have already been proposed, …

fox5ny.com

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NYC Lawmakers Scramble For MTA Funding Amid Delays

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Jun 7, 2024  · As soon as it turns on, the MTA can get $15 billion and bond that. So, trying to replace it with $1 billion in general fund money this year and some kind of future promise is …

amny.com

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MTA Tells Albany Lawmakers Why They Need $35 Billion

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6 hours ago  · MTA Chair and CEO Janno Lieber reminded legislators that the 2017 so-called "summer of hell" happened because the 2015-2019 capital plan was cut. MTA head defends …

ny1.com

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MTA Sets Up Albany Brawl Over How To Fund Record-breaking …

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Sep 18, 2024  · The MTA is asking for $68.4 billion to fund its next capital improvement plan – the largest request the transit agency has ever made – setting up a bruising fight in Albany to …

nypost.com

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NYC Transit Advocates Urge Hochul To Fully Fund MTA Capital Plan …

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4 days ago  · However, the governor has yet to find $33 billion in additional funding for the MTA’s 2025-2029 capital plan — or at least $2.2 billion in new annual recurring revenue to secure the …

amny.com

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Op-ed: The MTA Laid Out Its Plan; Next Stop — Albany

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Oct 31, 2024  · Make no mistake: If the MTA doesn’t massively invest to bring its trains, tracks, signals and the rest of its $1.5 trillion in assets to a state of good repair, New York’s quality of …

crainsnewyork.com

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The MTA Laid Out Its Plan; Next Stop — Albany | CBCNY

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Oct 31, 2024  · If the MTA doesn’t massively invest to bring its trains, tracks, signals and the rest of its $1.5 trillion in assets to a state of good repair, New York’s quality of life and economy will …

cbcny.org

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NY Transit Advocate Says Billions In Tax Hikes Would Fix MTA

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1 day ago  · While New York’s Metropolitan Transportation Authority needs state lawmakers to help fix a $35.4 billion hole in its multi-year capital spending plan, a rider advocacy group that …

bloomberg.com

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MTA's $33 Billion Shortfall Means New Taxes For New Yorkers - Yahoo

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Jan 8, 2025  · New York lawmakers returned to Albany Wednesday faced with the daunting task of finding more cash for the MTA. New taxes and fees are needed to fill a $33 billion budget …

yahoo.com

FAQs about Albany must secure the MTA’s future - New York Daily News Coupon?

Will New York lawmakers find more cash for the MTA?

NEW YORK - New York lawmakers returned to Albany Wednesday faced with the daunting task of finding more cash for the MTA. New taxes and fees are needed to fill a $33 billion budget shortfall, and it's not coming from congestion pricing. Billions in new taxes are needed to fill the gigantic hole in the MTA's budget. ...

Is Albany's MTA relying on Kathy Hochul?

Now, it’s Albany’s turn. The MTA is relying on Gov. Kathy Hochul and state lawmakers to bankroll nearly half the upgrades included in its 2025-2029 capital program so city subways and commuter rails remain in good repair. ...

How much money does the MTA need?

Willens said there is currently a deficit of around $33 billion and acknowledged that the remainder of the funding sources need to be identified. The MTA quoted a JP Morgan analysis that stated that annual capital expenditures ranging between $16 billion and $23 billion were required if the MTA was to match comparable peers. ...

Is mass transit a good idea for New York?

“Remember, mass transit is one of the very few things that makes New York affordable, and we got to keep it that way,” he added. “This is the right program and it’s the right size at $68 billion.” Hochul acknowledged in July that the congestion pricing revenue would be worked out as part of state budget talks in the beginning of next year. ...

How much will the MTA Pay for 2025-2029?

Sign up for our amNewYork email newsletter to get news, updates, and local insights delivered straight to your inbox! The MTA approved on Wednesday its $68.4 billion capital plan for 2025-2029 — even though how much of that plan will be paid for remains up in the air with Gov. Kathy Hochul’s ongoing pause of congestion pricing. ...

Should the MTA buy a lot of subway cars?

“Let’s just all be clear,” MTA chairman and CEO Janno Lieber said Wednesday. “The MTA needs to buy a lot of subway cars and commuter railcars and buses. We need to do it faster and more effectively.” The MTA buys half the railcars used in the U.S. and New York needs to become a hub for manufacturing to ensure a steady flow of cars, Lieber said. ...

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