Given the fiscal pressures on the City, what does Mayor Michael Bloomberg plan to do to cut debt service? Debt service, the payment of interest and principle due on long-term borrowing, has been growing rapidly under his tenure. Since it is tied to the size of the capital plan, it can only be controlled by reducing the level of capital investment that is supported with borrowing.
This analyzes the MTA’s effectiveness at managing its five-year capital plans. It does so by examining the capital projects scheduled by the MTA for work in the three-year period from January 2005 to December 2007.
This report analyzes the MTA’s effectiveness at managing its five-year capital plans. It does so by examining the capital projects scheduled by the MTA for work in the three-year period from January 2005 to December 2007.
CBC released today a new report on the MTA’s effectiveness at managing its five-year capital plans. The report is especially timely, since a new five-year plan is being developed for the 2010-2014 period.
Testemony of CBC President Carol Kellermann to the New York State Senate Finance Committee regarding the MTA and the critical challenges that will face the MTA in the coming years. These challenges include balancing the MTA's operating budget, financing new capital investments, and planning and implementing capital projects.
This letter from the CBC outlines a new fiscal strategy that would address the structural imbalance in the City's budget for fiscal year 2010. The key elements of the new fiscal strategy should be: 1) no new or higher taxes that harm prospects for economic recovery and growth; 2) reduce operating expenditures in ways that lower the cost of producing services rather than the availability o
This testimony discusses a report on the condition of the City's infrastructure and the nature of the City's capital planning process. The City has a ten-year capital planning process, unique among most other state and local governments. This 10-year process, however has become inadequate to assess and address the City's infrastructure needs.
