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The MTA monthly board meeting is about to kick off where board members are expected to approve the agency's 2021 budget.
A few thoughts for riders to keep in mind as the meeting gets underway: https://www.nytimes.com/2020/12/16/nyregion/mta-budget-cuts-federal-aid.html
A few thoughts for riders to keep in mind as the meeting gets underway: https://www.nytimes.com/2020/12/16/nyregion/mta-budget-cuts-federal-aid.html
1. This year's budget involves more uncertainty than ever. Consider it a financial snapshot, nothing more.
2. The MTA has managed to roll $1.8b in surplus into 2021. Combined w a likely ~$4b in fed aid, that balances the 2021 budget w/out severe service cuts on paper
2. The MTA has managed to roll $1.8b in surplus into 2021. Combined w a likely ~$4b in fed aid, that balances the 2021 budget w/out severe service cuts on paper
3. This does NOT mean bus/subway service cuts won't happen next year:
The agency still faces ~$7b deficit from 2022-2024. There may not be more fed aid then, any labor efficiencies will take yr(s) to generate revenue & savings from slashing service are more immediate...
The agency still faces ~$7b deficit from 2022-2024. There may not be more fed aid then, any labor efficiencies will take yr(s) to generate revenue & savings from slashing service are more immediate...
...Plus last month, MTA officials said they may reduce service service to match low ridership next year.
A sign of what's to come: Today MTA will announce service on LIRR will drop to 75-80% of pre-pandemic levels to "rightsize service." Metro North is already down to 63%.
A sign of what's to come: Today MTA will announce service on LIRR will drop to 75-80% of pre-pandemic levels to "rightsize service." Metro North is already down to 63%.
