MTA Finances
MTA Approves 2015-2019 Capital Program
This past Wednesday, the MTA approved its 2015-2019 Capital Program which includes $3 billion in cost reductions. Here is more via official press release: The Metropolitan Transportation Authority (MTA) Board today approved its 2015-19 Capital Program, the largest investment ever in the subways, buses, railroads, bridges and tunnels that keep New York moving. The Capital […]
MTA Bond Credit Rated AA+
Earlier this afternoon, the MTA sent out word that their bond credit rating was scored at AA+ by the Kroll Bond Rating Agency. Here is more about that via an official press release: The Metropolitan Transportation Authority (MTA) today announced that bonds issued through its Transportation Revenue Bond (TRB) credit have been rated AA+ by […]
MTA To Get Loan For Railroad Signal Safety
Late Friday afternoon, Governor Cuomo announced that the MTA would be receiving a nearly $1 billion dollar loan from the Federal Railroad Administration for LIRR & Metro-North signal safety upgrades. Here are the details: Governor Andrew M. Cuomo announced that the Federal Railroad Administration has approved a loan of $967.1 million to the Metropolitan Transportation […]
Former MTA Union Boss Stole Nearly 50K
I have many fond memories of time spent at the NYC OTB from my teenage years until it finally shut down a couple of years ago. Safe to say the fond memory sentiment will not be shared by former MTA Union leader John Earvin who is charged with stealing nearly $50K in members dues. Stephen […]
No Plan To Help MTA $15B Gap
Fare hikes went into effect less then 24 hours ago & riders are once again bemoaning the agency. However the big elephant in the room is how no plan seems to be in the cards to help solve the $15 billion gap in the MTA’s Capital Program. Sadly it comes to no surprise that help […]
