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The agency has a $12.6 billion operating budget and has budgeted about $4.5 billion annually in capital projects until 2014. MTA may be forced to raise fares to compensate for lost money needed to fund improvements.
Read More →This legislation is the largest transportation reform bill since the creation of the Interstate Highway System. It contains no earmarks and cuts high-speed rail, while also significantly reducing Amtrak funding.
Read More →Claimed in an interview that the project will cost significantly less with environmental fees paid by carbon producers as a source of funding.
Read More →On Tuesday, House Transportation and Infrastructure Committee Chairman John L. Mica (R-FL) and Members of the Committee unveiled the long-awaited American Energy & Infrastructure Jobs Act, which looks to authorize approximately $260 billion over five years to fund federal highway, transit and safety programs at current funding levels.
Read More →The approximately $10 billion in funding received for 2012 is on par with funding levels in fiscal years 2010 and 2011, enabling continued support for grantees and investment in transit projects of local, regional and national significance.
Read More →During a trip to Asia in December, Mayor Antonio Villaraigosa met with executives from a Chinese investment company, which officials said was arranged to explore alternative investment opportunities.
Read More →Greater Lynchburg Transit Co. is responding to the university’s concerns over possibly getting shortchanged on its share of federal and state subsidies provided to the agency. Both sides agreed to work on a simpler approach to determine costs.
Read More →The new department of government affairs, which is a nine-month pilot program, was created to monitor legislation and develop a legislative strategy for statewide transit funding.
Read More →Includes five posters designed to inform customers of the importance of better transit funding, investments that are being made in transit, the positive economic and environmental impact of a healthy transit system, how the agency is improving customer service and the value the TTC has on one’s personal budget.
Read More →Jay H. Walder announced his departure for Hong Kong days after the authority unveiled a capital plan dependent on millions of dollars in still-to-be-approved federal grants. The capital budget is still underfunded by $10 billion.
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