Bus

Proposed transit bill would cut $1.7B from N.Y. MTA

Posted on February 7, 2012

NEW YORK — The transportation bill proposed by the House of Representatives would cut more than $1.7 billion in capital funding for New York City public transit, the International Business Times reported. The bill would remove dedicated transit funds allocated from the federal gas tax and replace them with an as-yet unfunded $40 billion lump sum payment.

The New York Metropolitan Transit Authority (MTA) has a $12.6 billion operating budget and has budgeted about $4.5 billion annually in capital projects until 2014. Joseph Lhota, the new CEO of the MTA, told the International Business Times that over time the bill could force the agency to raise fares to compensate for lost money needed to fund improvements. For the full story, click here.

View comments or post a comment on this story. (0 Comments)

More News

UK’s first full-sized autonomous bus begins depot trials

The 38-foot Alexander Dennis Ltd. Enviro200 bus is being piloted by Stagecoach.

METRO launches submissions process for Innovative Solutions Awards

This is a great opportunity to highlight the successes of your bus operation or company.

STV|DPM relocates Connecticut bus facility

Through a management contract with Connecticut Department of Transportation, NET provides public bus transit services in the greater Waterbury, Meriden, and Wallingford areas.

California's NCTD implements bus stop optimization program

Approximately 90 bus stops were identified for removal or consolidation based on the review.

MCI names service center manager for Bay Area

Brian Jablonski will be responsible for keeping the year-old Hayward center at full capacity.

See More News

Post a Comment

Post Comment

Comments (0)

More From The World's Largest Fleet Publisher

Automotive Fleet

The Car and truck fleet and leasing management magazine

Business Fleet

managing 10-50 company vehicles

Fleet Financials

Executive vehicle management

Government Fleet

managing public sector vehicles & equipment

TruckingInfo.com

THE COMMERCIAL TRUCK INDUSTRY’S MOST IN-DEPTH INFORMATION SOURCE

Work Truck Magazine

The number 1 resource for vocational truck fleets

Schoolbus Fleet

Serving school transportation professionals in the U.S. and Canada

LCT Magazine

Global Resource For Limousine and Bus Transportation