"The MTA's budget is currently balanced, but out-year gaps persist as the Authority faces substantial fiscal uncertainties, led by funding threats from the federal government, DiNapoli said. It's imperative that the MTA stay focused on improving the system and bringing riders back, which is one of the surest ways it can help stabilize its fiscal outlook at the farebox, and by following through on its savings initiatives."
"Although Trump announced that $187 million in homeland security cuts for New York were restored on Oct. 3, Gov. Kathy Hochul said last week that the MTA was the only agency of 21 nationwide applicants to not receive funding through the federal Transit Security Grant program, which the Federal Emergency Management Agency (FEMA) launched after the 9/11 terrorist attacks in NYC and Washington, D.C."
MTA fiscal outlook has improved this year, but federal policy changes create significant financial uncertainties that could affect long-term stability. The operating budget is currently balanced, yet projected out-year gaps remain due to potential federal funding cuts. Restoring ridership and implementing cost-saving measures are critical to stabilizing farebox revenue and reducing reliance on uncertain funding. Parts of the transit system rely on state-of-good-repair investments for railcars, power, and signals, while recent federal cuts have emphasized public safety rather than infrastructure. The MTA also missed out on a federal Transit Security Grant award, increasing pressure on capital and security funding priorities.
Read at www.amny.com
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