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Testimony
Transportation
Testimony on MTA's Revenue Risks
To the MTA Board
December 16, 2015
In this testimony, CBC Research Associate Jamison Dague presents warns the potential impact of an economic downturn could be as high as $1.5 billion, or as high as 3.9 percent of MTA's 2018 budget, and suggests ways the MTA can prepare for a future recession now without adding to the agency's long-term costs.
Statement
Transportation
Statement on MTA Funding Agreement
October 09, 2015
The announcement of an agreement for funding the MTA’s 2015-2019 capital plan is an important step in maintaining and enhancing the region’s most vital transportation assets. However, additional steps must be taken.
Press Release
Transportation
CBC Examines Why the MTA's Subway Stations Never Reach a State of Good Repair
Interactive Map Accompanying Report Shows Conditions at Each Subway Station; 7 of the 10 Worst Stations Are In Queens
September 02, 2015
The Citizens Budget Commission today released a report – titled “Sisyphus and Subway Stations” – that examines why the subway stations of the MTA never reach a state of good repair and recommends how to address the challenge.
Press Release
Transportation
New Sources of Funding for MTA Capital Plan Available From Services Regulated by the NYC Taxi and Limousine Commission
Three Options for Increasing Motor Vehicle Cross-Subsidies for Mass Transit Service
August 26, 2015
Today the Citizens Budget Commission released a policy brief – titled “Taxis, Taxes, and the MTA Funding Gap” – that discusses three alternatives for generating added revenue from services regulated by the Taxi and Limousine Commission.
Statement
Transportation
Statement Regarding Ongoing Discussions of MTA Capital Plan
July 24, 2015
Debating how to apportion funding for the remaining $9.8 billion gap between “the City” and “the State” is counterproductive. Funding for mass transit should be defined as coming from three sources: fares, tax subsidies, and motor vehicle cross-subsidies.
Testimony
Capital Spending
Testimony On Ten-Year Capital Strategy and Capital Budget
Delivered to NY City Council Committee on Finance
May 18, 2015
The Mayor's Ten-Year Capital Strategy totals $83.8 billion- a $30 billion increase from the prior plan. CBC has two main concerns about the Strategy: there is insufficient information available to judge the investments, and the investments will add to the City’s high debt burden.
Press Release
Transportation
CBC Recommends Closing Funding Gap in MTA Capital Plan With Motor Vehicle User Charges
Best Options Are New Tolling Policies or New Vehicle-Miles Traveled Tax
March 25, 2015
This report examines the MTA’s current fiscal challenges and identifies options for funding its capital investment needs for the next five years. The analysis includes consideration of how well measures to raise money for the MTA fit into a broader financing plan for the state’s entire transportation system.
Testimony
Transportation
Testimony Before the MTA Reinvention Commission
July 16, 2014
The CBC Board believes strongly that a well-financed and well-functioning mass transit system is a vital element in the regional economy, and a failure to support and enhance that system can be economically fatal.