"If ridership flatlines at 60%, MTA is looking at a further $6 billion ...

"If ridership flatlines at 60%, MTA is looking at a further $6 billion operating budget deficit …

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"If Ridership Flatlines At 60%, MTA Is Looking At A Further $6 Billion ...

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"If ridership flatlines at 60%, MTA is looking at a further $6 billion operating budget deficit …

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MTA Gets $6.2 Billion Lump Sum From Feds, As Agency Tries To …

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Jan 13, 2022 · The MTA has been sent more than $6 billion in COVID-19 relief funds from the …

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MTA Finances Taking Hit As Ridership Continues Slow Rebound: …

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Oct 23, 2024 · The budget gap could grow to as high as $1.5 billion. Despite subway ridership …

yahoo.com

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The MTA Is Ushering In A New Era Of Transit, But Many Questions …

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Dec 28, 2022 · As of 2022, ridership is only at about 60% of what it was in 2019, which …

thesciencesurvey.com

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MTA Operating Shortfalls Could Reach $4.6B In 2026: Comptroller's ...

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Oct 10, 2022 · A slower-than-expected ridership return and inflation-boosted costs have …

crainsnewyork.com

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MTA Predicts 'new Normal' Ridership By 2024 That May Be 80% Of …

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Feb 19, 2021 · The MTA has predicted a "new normal" ridership that will stabilize in 2023 and …

6sqft.com

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Focus On Ridership - MTA

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Apr 1, 2021 · 60%. 70%. 80%. 90%. 100%. Transit ridership is slightly ahead of McKinsey …

mta.info

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MTA Unveils $68.4 Billion Transit Overhaul Plan, Chair Janno Lieber ...

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Sep 19, 2024 · MTA Chair and CEO Janno Lieber said Wednesday he is confident that the …

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MTA Unveils $68.4 Billion Capital Plan To Modernize NYC Transit – …

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Sep 18, 2024 · The MTA released details of a $68.4 billion capital plan for 2025-2029 — even …

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MTA Pitches $65.4 Billion Capital Plan To Save Mass Transit In NYC

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Sep 18, 2024 · $10.9 billion for 2,000 new train cars. $7.1 billion new accessibility work, …

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FAQs about "If ridership flatlines at 60%, MTA is looking at a further $6 billion ... Coupon?

Does the MTA have a funding shortfall?

The MTA said it's identified some funding sources for its next capital plan, like federal subsidies and bonds. But the agency’s Chief Financial Officer Kevin Willens on Tuesday said the plan has a funding shortfall of at least $33 billion. ...

Is paid ridership coming back as fast as MTA hoped?

“Paid ridership is not coming back as fast as the MTA hoped. With farebox and tax revenues down, a pause on congestion pricing and other financial risks, significant operating budget gaps could again be on the horizon. This is a very real and troubling possibility.” ...

How much will the MTA cost this year?

1.4 billion spent on overtime, an increase in fare evasion and lower-than-projected real estate tax receipts could cost the MTA around $800 million in revenue this year. “The choices MTA makes now will impact its system for years. ...

How much money does the MTA need?

That means Hochul and state lawmakers have to find upwards of $48 billion for the MTA when they return to Albany next year, or else the agency will have to scale back its work. “We take them at their word that they will be addressing that funding in one way or another at the appropriate time,” said Torres-Springer. ...

How much money does the MTA need to rehabilitate a bridge?

The MTA has also outlined the need for significant investment in repairs to critical structures, calling for $9 billion to help rehabilitate over 40 railroad bridges and subway tunnels serving the A, C, B, D, F, G, N and R lines. ...

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 released details of a $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. ...