MTA asking state lawmakers for $33B in funding in addition to ...

MTA Chairman Janno Lieber urged state lawmakers to find at least another $33 billion for the agency's upcoming capital plan. "We had a $55 billion capital program," he said. "It's expiring.

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MTA Asking State Lawmakers For $33B In Funding In Addition To ...

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MTA Chairman Janno Lieber urged state lawmakers to find at least another $33 billion for the agency's upcoming capital plan. "We had a $55 billion capital program," he said. "It's expiring.

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The MTA Capital Plan Is Rejected. What Does That Mean?

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Dec 26, 2024 · The next $65 billion five-year capital plan is on hold for now as state leaders are poised to debate funding. ... about $33 billion of the $65 billion plan does not have an …

cityandstateny.com

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NY's Plan To Raise $33B For MTA In Taxes, Fees Kept Secret As …

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Jan 19, 2025 · Gov. Kathy Hochul is not expected to release a proposal to cover a $33 billion hole in the MTA’s capital plan as part of her executive budget to be released Tuesday.

nypost.com

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With Congestion Tolls Underway, State Officials Now Face Massive …

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In an interview on Spectrum News’ “Mornings on 1,” he said the MTA capital program’s funding gap is $33 billion. “The congestion pricing is going to leverage money for bonding to deal with …

cicbca.org

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MTA Eyes New Taxes, Fees To Plug $33B Budget Hole -- Even After …

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Jan 6, 2025 · Hochul’s remarks seem to ignore the fact that her and lawmakers need to find new revenue streams to patch a $33 billion hole for the MTA’s next five-year capital plan.

nypost.com

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

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7 hours ago · The MTA says it needs more than $68 billion to fund its capital plan for subway improvements. The head of the agency told lawmakers Thursday it's up to them to figure out …

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Legislative Leaders Question MTA Funding For Projects - PIX11

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Dec 26, 2024 · The state senate president and assembly speaker want answers about funding the $65 million plan and the state’s potential role, which has been estimated to be about $33 …

pix11.com

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MTA Honcho Quiet On Plan To Fill $33B Budget Hole — But Outside …

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6 hours ago · The MTA’s 2025-2029 Capital Plan aims to repair the transit system’s outdated infrastructure with work including purchasing new cars, updating the outdated signal system so …

nypost.com

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MTA Tells Albany Lawmakers Why They Need $35 Billion

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1 hour ago · The capital plan currently has $35 billion funding deficit. ... s 2025-29 capital plan after Gov. Hochul shaved $1 billion each off the anticipated direct funding from the city and …

ny1.com

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

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6 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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MTA Board Approves Massive Construction Plan, Sending Gov

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Sep 25, 2024 · Transit officials said they still need state lawmakers to find ways to cover at least $33 billion of the cost of the plan, which is scheduled to run from 2025 to 2029.

gothamist.com

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

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Jan 9, 2025 · Lawmakers in Albany are considering raising taxes and fees to help fill in the MTA’s $33 billion budget gap. ... leader shot down the MTA’s capital plan, even though New York …

fox5ny.com

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NYC Transit Chief Urges Lawmakers To Fix $35 Billion Gap

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8 hours ago · The head of New York City’s transit network is urging state lawmakers to resolve a $35 billion funding gap to help modernize its crumbling system and provide better service. ...

bloomberg.com

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

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4 days ago · On Jan. 21, Gov. Kathy Hochul unveiled her $252 billion budget for the 2026 fiscal year—the largest in state history. However, the governor has yet to find $33 billion in …

politicsny.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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MTA Asking State For $33 Billion For Capital Plan In Addition To ...

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7 hours ago · Bye Felicia A 25-year-old staffer for Elon Musk's Department of Government Efficiency (DOGE) has resigned after the Wall Street Journal reached out to the White House …

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New Yorkers May Need To Brace For More Taxes In 2025 - Kiplinger

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Jan 14, 2025 · It’s also meant to encourge the use of the city’s public transit system, and fund around $15 billion of MTA improvements. As of January 5, commuters are paying a $9 toll for …

kiplinger.com

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Straight To The Top: New Nonstop Elevators To Speed Subway ...

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1 day ago · The proposed $68.4 capital plan for 2025-2029 calls for an additional 60 subway stations to come into full compliance with the Americans with Disabilities Act via the addition of …

thecity.nyc

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Budgeting To Avoid ‘Summer Of Hell’: Your Guide To The MTA’s …

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Jan 30, 2025 · The most recent capital plan, for 2020-2024, checked in at more than $55 billion. The proposed 2025-2029 plan, at more than $68 billion, is 23% larger. (Reminder, as …

thecity.nyc

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MTA Asking State For $33 Billion For Capital Plan, Congestion Tolls

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N.J. Burkett has more.https://abc7ny.com/post/congestion-pricing-mta-asking-state-lawmakers-33b-funding-addition-revenue-tolling-plan/15874215/Check out more...

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FAQs about MTA asking state lawmakers for $33B in funding in addition to ... Coupon?

How much money does the MTA need for subway improvements?

NEW YORK - The MTA says it needs more than $68 billion to fund its capital plan for subway improvements. The head of the agency told lawmakers Thursday it's up to them to figure out how to raise the money. The MTA's aging 120-year-old subway system is in dire need of a fix. ...

How much money does the MTA need for new tolls?

The MTA is depending on the new tolls to raise $15 billion to maintain and upgrade the transit system, but it's not enough. MTA Chairman Janno Lieber urged state lawmakers to find at least another $33 billion for the agency's upcoming capital plan. "We had a $55 billion capital program," he said. "It's expiring. ...

How efficient is the MTA?

Delivering much more, at a lower cost," Lieber said. "The MTA is actually the most efficient transit organization in the United States, based on the cost per rider and subsidy per rider. We are the best deal." ...

Will New York lose federal transit funding if a mass deportation plan fails?

That is not the game we're playing," he said. But there are added concerns that New York could lose federal transit funding if it does not assist in mass deportations, and the MTA can't even count on congestion pricing tolls because President Donal Trump is critical of the plan. ...

Is the MTA doing enough to fight evasion?

Lawmakers grilled Lieber on whether the MTA was doing enough to fight fare evasion - and toll evasion - which is costing the agency hundreds of millions of dollars a year, alone. "We are fighting back on fair evasion. And, you know, I'm just, I'm sick of people acting like the MTA is somehow letting money pour out. ...

Is the MTA the best-managed transit system in the United States?

"The MTA is actually the most efficient transit organization in the United States, based on the cost per rider and subsidy per rider. We are the best deal." New York City Councilmember Robert Holden took issue with that. "Claiming the MTA is the best-managed transit system in the country? ...