MTA

Subway ridership hit a 65-year high in 2014, serving 1.75 billion trips last year, the most since the New York City Transit Authority was formed in 1953. That's an increase of 2.6 percent over 2013 and 12 percent since 2007, according to the MTA. The subway now serves 5.6 million passenger trips on an average weekday, and 6 million on an average two-day weekend.

A bill from Assembly Member Jim Brennan, who chairs the Committee on Corporations, Authorities and Commissions, would create a transportation finance authority to collect new taxes and help fund the MTA as well as roads, bridges, and transit statewide. It's the first major transportation funding proposal to come out of Albany this year.

As Albany contemplates paying for the MTA capital program by borrowing as much as $15 billion, it's worth pausing to examine the debt load straphangers are already shouldering. To put it in perspective, the MTA carries more debt than Bolivia, Tanzania, and Luxembourg combined, according to numbers compiled by the Straphangers Campaign. The MTA owes more than at least 30 nations, including several with populations much larger than New York City.

Mayor de Blasio unveiled his preliminary budget proposal this afternoon. In an address outlining the broad strokes of the budget, de Blasio called out Albany for neglecting the MTA and warned that inaction on federal transportation funding could undercut the Vision Zero program.

It's state budget season! Governor Andrew Cuomo's executive budget is chock-a-block with raids of dedicated transit funds, questionable transfers, and toll cuts doled out as election-year favors. It's a mess that doesn't answer how the state will close the $15.2 billion gap in the MTA capital program.

At approximately 5 p.m. Monday, Governor Andrew Cuomo announced that he had ordered the complete closure of New York City's bus and subway systems in the face of an oncoming snowstorm. If nothing else, it was a stark reminder that the transit system is not a political orphan. The MTA is, in fact, Cuomo's agency.

The MTA Reinvention Commission report, the product of months of work from a panel of experts, was unceremoniously dumped to the press by the governor's office at 5:30 p.m. yesterday, shortly before Thanksgiving. While the document [PDF] includes a number of worthwhile suggestions, it fails to seriously grapple with the biggest challenges facing New York's transit system. The MTA's astronomical construction costs and the substantial systemwide benefits of funding transit with road pricing get only cursory mentions. This is disappointing, but not surprising, since the report is a reflection of the man who created and controlled the commission: Governor Andrew Cuomo.

Yesterday, Governor Andrew Cuomo called the region's transit investment plan "bloated" and rejected calls for new revenue. Today, MTA Chairman and CEO Tom Prendergast, speaking at a forum on best practices in regional transit governance, hammered home the need for elected officials to find new money to fill the half-funded capital plan's $15 billion gap.

The City Council transportation committee today passed bills to lower the city's speed limit and give hundreds of thousands of New Yorkers a transit-related tax benefit. But most of this afternoon's hearing was dedicated to the next MTA capital plan.