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Report
Transportation
Misplaced Priorities in the MTA's Capital Plan
October 23, 2014
The plan identifies $16.9 billion in available funding, but a gap of about $15.2 billion remains unfunded. This CBC study focuses on how the money would be spent and recommends that the proposed plan be revised to address three serious shortcomings.
Letter
Capital Spending
CBC Urges Governor to Sign S199B/A4010B to Improve Capital Planning
A Letter to the Governor
December 13, 2021
CBC recommends that you sign S199B/A4010B, which would improve capital planning and reporting for transportation infrastructure in New York State.
Blog
Transportation
What to Look for in the February Update to the MTA’s Financial Plan
February 17, 2021
Further actions will be needed to stabilize the MTA’s finances in the long term.
Report
Transportation
How To Balance the MTA's Budget
June 27, 2006
In order for New York to maintain a strong and vibrant economy, its transportation system has to be kept up to par and expanded to meet future needs. This report examines the two problems and suggests alternative financing policies for the MTA that would balance its operating budget and provide sufficient capital to accelerate the pace at which its facilities are brought to a state of good repair.
Blog
Transportation
Light, at the Beginning of the Tunnel
What to Look for in the MTA 2021 July Financial Plan
July 20, 2021
While the path to achieving operating savings is hard, it is much preferable to phase in these savings over the next few years than to have massive fare and toll increases, economically damaging service cuts, or significant increases in dedicated taxes and subsidies.
Testimony
Transportation
Testimony on the MTA’s Finances and Operations
Testimony before the Senate Standing Committee on Corporations, Authorities and Commissions; and the Senate Standing Committee on Transportation
September 29, 2021
The MTA is facing a long-term structural deficit of approximately $2.7 billion annually, meaning its recurring income from fares, tolls, and other sources will be roughly $2.7 billion less than the recurring expenditures needed to run the system.
Blog
Transportation
What to Look for in the MTA's November Budget Update
November 16, 2021
The MTA will be releasing its operating budget update Wednesday. Here is what we are looking out for.
Statement
State Budget
Statement on the Passage of the American Rescue Plan
March 10, 2021
The American Rescue Plan can be a game-changer for New York. It will provide much needed support for New Yorkers and our economy, including aid for those who are jobless, for many individuals and families, especially with children, for nonprofits and small businesses including restaurants and the arts, and more.
Report
Transportation
The Track to Fiscal Stability
Operations Reforms for the MTA
May 25, 2021
Given the implementation challenges, saving the full $2.9 billion by 2024 may not be likely. Still, significant changes should be pursued—and achieved—if the MTA is to be on a fiscally sustainable path.
Statement
State Budget
Statement on the Release of New York State’s Financial Plan “July Update”
September 15, 2021
This morning, New York State released its long-awaited First Quarter Financial Plan Update.
Letter
Transportation
Groups Urge Governor to Sign the MTA Open Data Act
A Letter to the Governor
October 14, 2021
The legislation is a common-sense step to increase transparency and improve efficiency at the largest state public authority.
Op Ed
City Budget
Fed aid is a bridge; stable shore needed: American Rescue Plan good for NYC only if used prudently
New York Daily News
March 13, 2021
The American Rescue Plan will not only provide tremendous support to individuals, families, businesses and organizations, but can be a game-changer for New York state and city government. Success, however, is far from guaranteed.
Blog
State Budget
NYS Should Not Borrow for Operations Without Spending Restraint, Fiscal Stability Plan, Enhanced Oversight, and Transparency
February 10, 2021
Using long-term debt to fund operations can be a tempting way to close budget gaps, but it should be a last resort.
Blog
Transportation
Agency Focus: NYS DOT
Budget Analysis
September 28, 2014
Two major challenges face the New York State Department of Transportation: undertaking a comprehensive needs assessment and identifying resources needed to implement a capital plan.
Video
CBC News
A Special Conversation with Sarah E. Feinberg and Janno Lieber
March 30, 2021
Sarah Feinberg, New York City Transit Interim President. and Janno Lieber, Chief Development Officer of the MTA, joined the CBC for a special discussion on the challenges the MTA faced over the last year and what it continues to do to address those challenges.
Testimony
Transportation
Testimony on Congestion Pricing Implementation
Submitted to the Metropolitan Transportation Authority
September 23, 2021
When the MTA determines the policies and implements congestion pricing, it should follow six recommendations:
Podcast episode
Transportation
24/7, with Sarah Feinberg and Janno Lieber
April 01, 2021
24/7 is the number of hours and days New Yorkers traditionally have had access to the subway system. In response to the pandemic the MTA suspended overnight service to clean and disinfect the subway, giving riders the confidence they need to return to the system. The pandemic decimated revenue and ridership this past year, but with an infusion of federal funds and slowly returning ridership the MTA financial forecast has stabilized for the time being. However, they're still not out of the woods. Today's guests are two leaders who will chart and manage the course forward for the MTA: New York City Transit Interim President Sarah Feinberg, and MTA Chief Development Officer Janno Lieber.
Blog
Transportation
Getting the Pricing Right
Six Recommendations for Congestion Pricing
July 28, 2021
As the Traffic Mobility Review Board considers its recommendations and the Triborough Bridge and Tunnel Authority determines the policies and implements the program, they should follow six recommendations
Statement
State Budget
Statement on NYS Legislative Budget Proposals for Fiscal Year 2022
March 16, 2021
While commendable in their intent to improve the lives of New Yorkers, both proposals miss the opportunity provided by much stronger than expected receipts and American Rescue Plan.
Letter
State Budget
Recommendations for Legislative Action on the FY2022 NYS Executive Budget
Letter to the State Legislature
March 01, 2021
Prudent use of federal aid would allow the State not only to close the near-term gaps, but stave off the most serious cuts and improve the State’s long run fiscal stability.