Search
Showing 1 - 20 of 70
Testimony
Transportation
Testimony on 2010 MTA Capital Plan
Delivered to State Senate Standing Committees
December 03, 2009
Testimony before the New York State Senate Standing Committees on Corporations, Authorities and Commissions and Investigations and Government Operations on the MTA's 2010-2014 capital plan.
Letter
Transportation
CBC and Others Outline a Plan to Finance Long-Term Capital Needs of the MTA
May 05, 2009
This letter from the CBC and other advocates outlines a plan to finance the long-term capital needs of the MTA and its immediate operating deficit. The mobility tax should be used for expenses related to the MTA's capital plan, not for operating expenses after the first year.
Report
Transportation
Working in the Dark
Implementation of the MTA's Capital Plan
October 20, 2009
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.
Report
Transportation
Prioritizing the MTA's Critical Capital Needs
What to Do When You Can’t Do It All
August 23, 2022
The MTA has significant needs for capital investment, from signal modernization and track improvements to new subway and train cars to making stations across the system accessible.
Blog
Transportation
What to Look for in the February 2022 Update to the MTA’s Financial Plan
February 22, 2022
The MTA will release an update to its operating budget Thursday. Here, we identify some critical items on which to focus.
Testimony
Transportation
Testimony on Challenges Facing the MTA
Submitted to Senate Finance Committee
September 03, 2009
Testimony of CBC President Carol Kellermann to the New York State Senate Finance Committee regarding the critical challenges that will face the MTA in the coming years, including balancing the MTA's operating budget, financing new capital investments, and planning and implementing capital projects.
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
What to Look For in the MTA's November 2022 Budget Update
November 21, 2022
The MTA should seize the opportunity and runway created by federal aid to implement efficiency-focused operating reforms and restructure its long-term debt.
Video
Transportation
Conversation with MTA Chair & CEO Janno Lieber
A CBC Event
January 14, 2022
John (“Janno”) Lieber was appointed Acting Chair and CEO of the MTA in July 2021.
Statement
Transportation
Statement on NYC Ferry Forward Plan
July 14, 2022
The Adams Administration plans to take some important, positive steps to improve the finances and transparency of NYC Ferry.
Podcast episode
Transportation
2026, with MTA Chair & CEO Janno Lieber
January 30, 2022
2026 is the year the MTA will likely have spent all of its one-time COVID-19 federal aid, and when the MTA will have to address the estimated $2.5 billion annual structural operating deficit which that aid is now covering. At an event with CBC Trustees, MTA Chair and CEO Janno Lieber and President Andrew Rein sat down for a fireside chat to discuss this and a range of other issues including ridership and the ridership experience, the newly proposed Interborough Express and other infrastructure and state of good repair needs, and how labor and management collaboration is critical to closing the operating budget gaps.
Blog
State Budget
Late Addition
$1.6 billion in Capital Pork Served Up
July 20, 2022
The additional cash and pressure to achieve a budget deal also resulted in the late addition of $1.6 billion for capital projects that were not included in the Executive’s or Legislative budget proposals.
Op Ed
Transportation
How to Fix the MTA's Huge Budget Deficit
Crain’s New York Business
November 21, 2022
A strong public transit system is essential to New York’s economy and New Yorkers’ quality of life.
Letter
Transportation
CBC Encourages MTA to Link Fares to Operating Expenses; Explore Peak Pricing
September 30, 2010
The CBC seeks to stress two points: 1) the fare increases to be approved for January 2011 and proposed for January 2013 should move toward establishing a long-term policy to cover half of operating expenses with fare revenue, and 2) the MTA should explore the feasibility of incorporating the practice of “peak pricing" for subways and buses.
Statement
State Budget
Statement on New York State's First Quarterly Update to the Fiscal Year 2023 Financial Plan
August 02, 2022
CBC President Andrew S. Rein released this statement on behalf of the CBC.
Statement
Transportation
Statement on the Empire State Development General Project Plan and Letter of Mutual Agreement with the City for the Penn Station Area Civic and Land Use Improvement Project
July 26, 2022
Catalyzing development in the Penn Station district and renovating the station itself should help New York’s competitiveness and enable future growth.
Blog
State Budget
NYS Budget Basics, Fiscal Future
The Fiscal Year 2023 Enacted Budget Financial Plan
May 24, 2022
Given the uncertain economic recovery, the budget choices State leaders made all but assure New York will have to make permanent the temporary tax increases of 2021, and may lead to drastic service cuts or even greater tax increases in the future.
Podcast episode
State Budget
$216 billion, with Governor Kathy Hochul
February 11, 2022
$216 billion is the size of New York State fiscal year 2023 budget proposed by Governor Kathy Hochul. The proposed spending plan is balanced over five years and makes significant deposits to reserves, but also maintains high taxes and accelerates State spending growth. At an event with CBC Trustees, Governor Hochul and CBC President Andrew Rein discussed the continued improvement of the State's fiscal outlook, budget negotiations, priorities for COVID recovery, the MTA and more.
Blog
State Budget
Recommendations to Strengthen the State
NYS Priorities that Promote Recovery, Transparency, Accountability, and Fiscal Stability
January 04, 2022
Governor Kathy Hochul's budget and policy priorities provide the opportunity to build a strong fiscal future, and to improve transparency and accountability.
Letter
State Budget
Recommendations for Legislative Action on the Fiscal Year 2023 NYS Executive Budget
Letter to the State Legislature
March 03, 2022
The Executive Budget commendably proposed a financial plan that is balanced over the next five years and builds significant reserves, which will be critical to stabilize New York during the next recession or emergency.