This is a print on demand edition of a hard to find publication. The MTA has long suffered from a structural imbalance between recurring revenues and expenses. During the last economic expansion, rather than bringing spending in line with recurring resources, the MTA used tax windfalls from the expansion to mask the structural imbalance between recurring revenue and expenses, and to put off needed reforms. The current economic downturn has compounded the MTAAis financial problems. The MTAAis July 2010 financial plan shows an operating budget deficit of more than $1 billion for 2011. The budget deficit is expected to more than double by 2014. The MTA has outlined a gap-closing program that begins the process of changing how the MTA conducts business. Charts and tables.Employers are currently allowed to offer employees up to $230 per month in pre- tax savings for mass transit, nearly twice the ... C h a n g e Fare and Toll Increase Inflation balance the operating budget will be repaid in equal installments in 2011 and 2012. ... This initiative, which could save about $25 million annually beginning in 2011, could result in a sharp curtailment in bus service in Nassau County.
|Title||:||Financial Outlook for the New York City Metropolitan Transportation Authority (MTA)|
|Author||:||Thomas P. DiNapoli|
|Publisher||:||DIANE Publishing - 2011-01|