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Budget Deal Prevents MTA Collapse, But Keeps Fuse Lit on Debt Bomb
The MTA doesn't face an immediate crisis thanks to the budget deal struck by Albany's leadership yesterday. But with the deal continuing to rely on debt to pay for the next three years of repairs and expansions, it doesn't put the region's transit system on firm financial footing either.
March 27, 2012
More Questions Than Answers in Cuomo Admin’s Tappan Zee Thinking
A discussion of the plans for the new Tappan Zee Bridge by the state cabinet today makes clear one thing -- that the Cuomo administration continues to race to construction as fast as possible -- while leaving other facets more confused and contradictory than ever.
February 22, 2012
Cuomo Willing to Wait for Tappan Zee Loan, But Not for Tappan Zee Transit
Using a federal loan to finance $2 billion of the cost of the Tappan Zee Bridge could delay construction work significantly, warns trade journal Project Finance today. Trading time for a low interest rate might save money, but it puts the lie to the Cuomo administration's claim that adding transit would unacceptably slow the Tappan Zee project.
February 16, 2012
Why Won’t the “New York Works Fund” Pay for Transit?
Despite the fact that over one quarter of the state's population takes transit to work, Governor Andrew Cuomo's marquee infrastructure program won't invest in public transportation. With so much still unknown about the governor's "New York Works Fund" -- including very basic information about how it will be structured -- the reason why Cuomo is excluding transit remains elusive.
February 7, 2012
Albany 2012: Transit Funds, Traffic Cams Top Transportation Agenda
Many of Albany's biggest transportation issues this year -- the bloated and transit-free Tappan Zee, the unfunded MTA capital plan -- will be decided by Governor Cuomo. But transportation advocates also have a slate of bills they hope to see make it through the legislature. Last year, the complete streets bill passed after a few prior attempts. Here's what's on the table for 2012.
February 2, 2012
Tappan Zee Draft EIS Underscores Cuomo Admin’s Disregard for Transit
The Cuomo administration's latest thinking on the new Tappan Zee Bridge, contained in the draft environmental impact statement it released yesterday, reinforces the state's commitment to building a sprawl-inducing, highway-only bridge. The document not only dismisses bus rapid transit, but also clears the way for an enormous expansion of automobile capacity and makes a mockery of New York's statewide smart growth law. We'll be breaking down the DEIS in a series of posts today.
January 25, 2012
Lhota Stands For MTA Funding Status Quo in Confirmation Hearings
This afternoon, Joe Lhota was confirmed as the new chairman of the MTA. Hearings held earlier today provided a glimpse into the kind of leadership New York transit riders can expect from Lhota. The new chairman defended the MTA from the most strident attacks of anti-transit state senators. When it came to the question of properly funding the transit system, however, Lhota chose to protect the Cuomo administration's political interests, not transit riders.
January 9, 2012
Reminder: The MTA Chair Is Not an Omnipotent Transit God
Jay Walder may have exaggerated when he claimed this week to have put the city transit system "back on firm financial footing" during his stint as MTA chairman, but he did show remarkable reserve in not letting loose on Albany for undercutting rail and bus service at every turn. Unfortunately the media failed to fill in the blanks.
January 5, 2012
Red Flags for Transit in Cuomo’s State of the State Address
Governor Andrew Cuomo focused heavily on jobs and the economy in his 2012 State of the State address this afternoon. He also devoted a few minutes to his infrastructure initiatives. Yet, despite serving as chief executive of the state where residents depend the most on transit service and transit infrastructure for access to jobs, Cuomo spent about as much time discussing the MTA as the 1953 Corvette.
January 4, 2012
Final Budget Deal Does Not Add to Cuomo’s Transit Raid [Updated]
The final budget agreement reached by Albany leadership will not make additional cuts to transit funding, a state budget division spokesperson confirmed this afternoon. Negotiations with the legislature did not ultimately change the total amount of transit funding from Andrew Cuomo's executive budget, which raided $100 million from dedicated transit funds.
March 29, 2011
