Recent Streetsblog NYC posts about Transit Funding

Cuomo Gets His Way, and Transit Riders Get the Shaft

By Ben Fried | Mar 31, 2014 | 6 Comments

Governor Andrew Cuomo won’t be denied. Overriding proposals from the Assembly and State Senate, the governor continues to pick the pocket of New York City’s transit system, diverting $30 million from the MTA in the state budget. Cuomo had originally proposed a $40 million raid, so it could have been worse. But because this diversion […]

Fitch Ratings: Failure to Invest in Transit Could Hurt the Whole Economy

By Angie Schmitt | Mar 27, 2014 | No Comments

One of the country’s leading financial ratings agencies is warning that if America doesn’t change how it invests in transit, the whole economy could suffer. “Public transportation investment strategies will need to transform if trends toward increased multifamily housing, declines in driving, and increasing public transportation usage continue over the long run,” Fitch said. In […]

What Transit Riders Could Get If Cuomo’s Transit Raid Doesn’t Go Through

By Ben Fried | Mar 24, 2014 | 5 Comments

How much transit service could the MTA add if Governor Cuomo’s proposed $40 million transit raid doesn’t make Albany’s final budget? Here’s a taste, courtesy of the Straphangers Campaign and the Riders Alliance. Service that was cut from seven subway lines in 2010, serving 300,000 weekday riders, could be restored. More than a dozen weekday bus […]

Senate Joins Assembly in Rejecting Cuomo’s $40 Million Transit Raid

By Stephen Miller | Mar 14, 2014 | 7 Comments

This week kicked off with news that Speaker Sheldon Silver would remove Governor Andrew Cuomo’s $40 million transit raid from the Assembly’s budget plan. Today comes word [PDF] that the State Senate has followed suit, rejecting the transit raid in its own budget resolution. A united front from the Senate and Assembly provides a boost […]

Without Action From Cuomo, Subways Doomed to Endless State of Disrepair

By John Petro | Mar 14, 2014 | 25 Comments

Governor Andrew Cuomo is pushing for $2 billion in tax cuts in his next budget, citing growing surpluses. But a new report on New York City’s infrastructure from the Center for an Urban Future makes it clear that there is no surplus — the state is responsible for billions in unfunded infrastructure repairs to city […]

Assembly to Reject Cuomo’s $40M Transit Raid; No Word From State Senate

By Brad Aaron | Mar 10, 2014 | 2 Comments

Assembly Speaker Sheldon Silver will look to block Governor Cuomo’s $40 million transit raid, according to the Daily News. Cuomo’s executive budget proposes to divert $40 million in dedicated transit revenue to pay for MTA bonds the state had pledged to pay off from the general fund. The move could cost the MTA around $350 […]

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