May 03, 2023
Statement from MTA Chair and CEO Janno Lieber on Governor and Legislatures Investment in the MTA: "From the get go, Governor Hochul understood that New York could not function without mass transit, and this budget reflects that. Riders can now have confidence in safe, reliable, and frequent service on subways, buses, commuter railroads, and paratransit. We are incredibly grateful to the governor and legislature for assuring the MTA’s long-term financial stability for all New Yorkers."
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ICYMI: GOVERNOR HOCHUL ANNOUNCES A RECORD INVESTMENT TO SAVE THE MTA AND SECURE LONG-TERM STABILITY FOR PUBLIC TRANSIT |
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FY 2024 Budget Saves MTA From Looming "Fiscal Cliff" Through Adjusted Payroll Mobility Tax and Increased Contributions From New York City MTA to Launch a Five, Fare-Free Bus Route Pilot in New York City and Make Investments to Increase Subway Service During Weekday Midday, Weeknights, and on Weekends Non-MTA Transit Systems to Receive Nearly $1 Billion in Funding Governor Kathy Hochul today announced the transit highlights of the FY 2024 Budget. The Budget includes meaningful and significant changes to how we support public transit across New York and make our transportation system safer and more reliable. This Budget will also provide the MTA - the nation's largest transit system - a stable long-term financial plan, as it continues to rebound from the COVID-19 pandemic. "The MTA is the life-blood of New York City, and we have made tremendous progress in returning ridership to pre-pandemic levels," Governor Hochul said. "With this Budget, the MTA will have the resources it needs to keep serving New Yorkers for years to come. I applaud Majority Leader Stewart-Cousins and Speaker Heastie for this collaborative process that will provide stability to our transit systems and make clear that New Yorkers, regardless of their ZIP code, deserve access to reliable transit." Governor Hochul has worked tirelessly with partners in the MTA, New York City, and the State to strengthen the long-term fiscal stability of the MTA, while ensuring continued progress in rider safety. The Budget includes:
Additionally, Governor Hochul will take action to protect riders by expanding the New York City Automatic Bus Lane Enforcement (ABLE) program to cover additional violations that impede busways. This will improve bus service for riders and reduce the likelihood of accidents. The FY 2024 Budget also builds on Governor Hochul's record of investing in transit by making a new historic contribution to expand public transit access and affordability statewide while improving public safety on trains, buses, and subways, across the state.
The FY 2024 Budget also continues to deliver on the commitments Governor Hochul made in establishing a five-year transportation capital program last year.
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