On February 27, 2008, the Metropolitan Transportation Authority (MTA) released a proposed capital program for 2008-2013.
Over the past 12 years, the three largest operating agencies of the Metropolitan Transportation Authority (i.e., New York City Transit, the Long Island Rail Road, and the Metro-North Railroad) paid out more than $1.1 billion on 86,875 claims for personal injury or property damage. The claims were filed by passengers, employees, motorists, and others.
The Metropolitan Transportation Authority (MTA) is facing a serious fiscal crisis.
The Metropolitan Transportation Authority (MTA) operates the largest and most diverse transportation system in the nation, and keeping it secure entails significant challenges.
The Governor and State Legislature have taken important steps to stabilize the operating budget of the Metropolitan Transportation Authority (MTA) and to fund its next five-year capital program.
The MTA’s commuter railroads, bridges, and tunnels have been largely restored to a state of good repair, with some exceptions. The subway system has made substantial progress, but there is a large backlog of needed investments.
New York City lost 110,000 jobs (2.9 percent) between October 2008 and October 2009, which has caused a sharp drop in utilization of the MTA’s transit facilities (e.g., subways, buses, and bridges and tunnels).
In the wake of the events of September 11, 2001, the Metropolitan Transportation Authority (MTA) initiated intense planning efforts to determine how to best protect its customers and key assets from any future terrorist incident.
The Metropolitan Transportation Authority (MTA) has long suffered from a structural imbalance between recurring revenues and expenses.
This report is the seventh in a series of reports on the capital security program of the Metropolitan Transportation Authority (MTA).
