“I received a letter this morning from the mayor outlining the City and the MTA and the State’s shared priorities that New Yorkers need reliable public transit, and shared agreement on the fact the MTA needs significant resources to deliver on that. …

We look forward to continuing the conversation with the City in the weeks ahead.

While a fully funded Capital Plan would invest a tremendous amount of resources into our transportation system, I want to make it clear that much of those funds we’ll receive from the Central Business District Tolling or other revenues are lock-boxed for capital projects. Without new funding resources for operations or cost cuts, we will continue to face significant financial constraints with forecasted deficits in future years. We’re continuing to focus on our operating budget deficits and to find ways to reduce costs and balance the budget as statutorily required each year as we work toward the December financial plan."