Metropolitan Transportation Authority
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Mission
The Metropolitan Transportation Authority (MTA) is responsible for operating, maintaining and improving public transportation in the Metropolitan Commuter Transportation District consisting of New York City and Dutchess, Nassau, Orange, Putnam, Rockland, Suffolk and Westchester counties. The Authority oversees the operations of the bus and subways systems in New York City, commuter railroads in the region, and seven bridges and two tunnels in New York City. This oversight includes general policy direction and development and financing of the operating and capital programs.
Budget Highlights
Within the Department of Transportation budget, the Executive Budget recommends almost $4 billion in transit aid appropriations to the MTA, an increase of $190 million (5 percent) from last year. The recommended MTA aid includes $250 million in General Fund support to offset the revenue impact of the recently enacted payroll tax reform on the MTA’s 2012 fiscal year.
The Executive Budget includes $770 million of new funding to support the MTA plan to fully fund the remaining years of the Authority’s 2010-2014 capital program and approximately $570 million for the continued spend-out of the MTA's 2005-09 capital program from reappropriations of the Rebuild and Renew New York Bond Act of 2005.
The Executive Budget also includes contingent appropriations worth nearly $2.2 billion for the MTA. These contingent appropriations are from the Dedicated Mass Transportation Trust Fund and the MTA Support Program Fund, and are used to ensure continuation of aid payments to the MTA in the event of temporary non-appropriation due to a late budget for the subsequent State fiscal year.
Major budget actions include:
- Increase to MTA's Debt Cap Ceiling. The Budget includes legislation to increase the MTA's debt cap ceiling by $7 billion to $41 billion. This increase is necessary to provide adequate bonding capability in accordance with the MTA plan to fully fund the Authority's 2010-14 capital program.
For more information on this agency's budget recommendations located in the Executive Budget Briefing Book, click on the following link:
Briefing Book – Transportation (PDF)
| Category | Available 2011-12 |
Appropriations Recommended 2012-13 |
Change From 2011-12 |
Reappropriations Recommended 2012-13 |
|---|---|---|---|---|
| Aid To Localities | 2,151,000,000 | 2,186,000,000 | 35,000,000 | 0 |
| Capital Projects | 0 | 770,000,000 | 770,000,000 | 605,456,000 |
| Total | 2,151,000,000 | 2,956,000,000 | 805,000,000 | 605,456,000 |
Note: Most recent estimates as of 1/17/2012