What to Look for in the February Update to the MTA’s ... - CBCNY

February 17, 2021. The MTA’s December Financial Plan forecasted a three-year, 2022 to 2024 cash shortfall of $7.9 billion. 1 The 2020 and 2021 budgets were balanced only by borrowing $2.9 billion to support operations, implementing one-time cash management actions, drawing from …

CouponFollow Extension

$7
OFF

What To Look For In The February Update To The MTA’s ... - CBCNY

1 week from now

cbcny.org

$5
OFF

Financial Outlook For The Metropolitan Transportation Authority

1 week from now

In February 2021, the MTA projected cash deficits before gap-closing actions of $5.7 billion in 2021, $4.8 billion in 2022, $4.1 billion in 2023 and $4 billion in 2024. The historic gaps …

state.ny.us

$500
OFF

What To Look For In The MTA’s November 2023 Financial Plan

1 week from now

Nov 27, 2023 · The MTA’s July 2023 Financial Plan assumes one license will be awarded annually in 2026 and 2027, generating $500 million in revenue per license, the statutory …

cbcny.org

$2
OFF

What To Look For In The February 2022 - Citizens Budget …

1 week from now

the MTA’s bottom line forecast virtually unchanged. The MTA still faces an annual structural deficit of at least $2.0 billion, which is covered by $11.9 billion in federal aid and borrowing from 2021 …

cbcny.org

FAQs about What to Look for in the February Update to the MTA’s ... - CBCNY Coupon?

What would happen if the MTA closed budget gaps in 2024?

If all of the identified risks were to happen, the MTA would have to take actions to close budget gaps totaling $45 million this year, $413 million in 2024, and growing to $927 million by 2027. Below are key items to look for in the upcoming Final Proposed 2024 Budget and November 2023 Financial Plan, due to be released in early December. ...

What is the MTA's transformation plan?

The MTA included the transformation plan in its July 2019 financial plan with estimated savings of $2.3 billion over four years, but then amended the total to $2.1 billion in the November 2019 financial plan as the MTA determined it could not achieve some savings that AlixPartners had recommended. ...

Can the MTA balance its budget in 2024?

Concerningly, the MTA also has identified deficit financing as a means for balancing its 2024 budget if risks laid out above come to fruition, which would accelerate and expand the use of deficit financing for operations to a total of $2.9 billion through 2025. Deficit financing creates a long-term liability to manage short-term needs. ...

How often do MTA Capital plans come out?

The MTA claims that they put together a list of needs and wants every five years, but this is the first time that I’ve seen it been open for public discussion. Most of the MTA 5-Year Capital Plans are dedicated to state-of-good-repair work. ...

Does the MTA have CBTC?

The MTA has fully installed CBTC on the (L) and (7) lines, which experience some of the highest ridership on the subway, with over half a milliondaily commuters. The MTA is in the process of installing CBTC along the IND Queens Boulevard Line, which is one of the busiest lines outside Manhattan. ...

When will MTA's R211 subway cars be replaced?

"Ancient subway trains on C and J/Z lines won't be replaced until 2022, documents say". Daily News (New York). Archived from the original on November 26, 2015. Retrieved November 25, 2015. ^ abcdefg "MTA's R211 Subway Cars, United States of America". Railway Technology. June 22, 2023. Archived from the original on November 29, 2023. ...