Politics & Government

MTA Could Get Additional Funding from State Budget Deal: Report

Agency could have as much as $40 million more to put back into its transit system.

The Metropolitan Transportation Authority could receive an additional $40 million that has been added to this year’s tentative state budget, NY 1 reported.

Due to budget restraints, the MTA has has been forced to cut bus and subway lines in recent years.

But a tentative deal between Gov. Andrew Cuomo and state legislators could increase the agency’s funding to $358 million if it is approved.

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The increase would give the MTA $40 million more than expected to put back into its transit system assuming the state budget passes, NY 1 reported.

Although the agency added $29 million in new service last year, it had previously cut $93 million in bus and subway service in 2010.

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“Security, the good repair of our infrastructure, stations, tracks, signals, those are all important things to us,” Acting MTA Chairman Fernando Ferrer told NY 1. “And we’ll try to do all of them that resources allow us to do, time allows us to do.”

Subway ridership is currently at its highest level since the early 1960s.


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