The 2021 Infrastructure Investment and Jobs Act marks one of the largest infusions of federal funding into the nation’s infrastructure of the last century. This legislation will invest $550 billion of new federal funding in transportation, clean energy, water quality, and broadband Infrastructure
As the MTA prepares to release its Nov. '22 financial plan, in a series of charts and graphs, IBO explores how ridership and user-revenues have recovered for each MTA service since March 2020 and whether the authority to is likely to meet its current 2022 fare and toll revenue goals.
PRELIMINARY BUDGET FOCUS: Even with the Metropolitan Transportation Authority on track to receive $6.5 billion in additional federal aid, there is still potential trouble ahead—for the authority and the city.
Subway and bus ridership fell with onset of Covid-19, playing havoc with the MTA’s budget. Many of the same factors keeping riders off the MTA’s rails, buses, bridges & tunnels is also leading to a slump in the agency’s dedicated tax revenues, another primary source of its funding.
A summary of the findings of our audit of the Department of Transportation's administration of the collection of cash revenue from its parking meters to determine if DOT has adequate controls in place.
“Working New Yorkers struggle every day to get around our city. We cannot let another year pass without action that makes people’s lives easier. This crisis runs deeper than ever before, and it’s now clear there is no way to address it without congestion pricing and other dedicated revenue streams.