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New York City and State Reach Agreement on M.T.A. Capital Plan
Source: New York Times
New York City and State Reach Agreement on M.T.A. Capital Plan
By EMMA G. FITZSIMMONS and ALEXANDER BURNSOCT. 10, 2015
After months of tense debate over financing for the Metropolitan Transportation Authority, state and city officials on Saturday announced a deal to pay for the agency’s five-year capital plan, with New York City agreeing to sharply increase its contribution to the M.T.A. to $2.5 billion.
The deal resolves a long and publicly contentious standoff between Gov. Andrew M. Cuomo and Mayor Bill de Blasio over whether the city should pay significantly more toward the $29 billion plan, which will cover the cost of maintenance and improvements to the authority’s network of subways, buses and commuter rail lines.
Under the agreement, Mr. Cuomo, a Democrat, pledged $8.3 billion in state funds to the authority. The city had initially agreed to provide $657 million, but senior aides in the de Blasio administration had recently held negotiations with representatives of the authority and the governor’s office over increasing the city’s contribution.
The agreement included several conditions raised by Mr. de Blasio in recent days: the state promised not to divert money dedicated to the capital plan for any other purpose and the city will have input over projects in the city.
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By EMMA G. FITZSIMMONS and ALEXANDER BURNSOCT. 10, 2015
After months of tense debate over financing for the Metropolitan Transportation Authority, state and city officials on Saturday announced a deal to pay for the agency’s five-year capital plan, with New York City agreeing to sharply increase its contribution to the M.T.A. to $2.5 billion.
The deal resolves a long and publicly contentious standoff between Gov. Andrew M. Cuomo and Mayor Bill de Blasio over whether the city should pay significantly more toward the $29 billion plan, which will cover the cost of maintenance and improvements to the authority’s network of subways, buses and commuter rail lines.
Under the agreement, Mr. Cuomo, a Democrat, pledged $8.3 billion in state funds to the authority. The city had initially agreed to provide $657 million, but senior aides in the de Blasio administration had recently held negotiations with representatives of the authority and the governor’s office over increasing the city’s contribution.
The agreement included several conditions raised by Mr. de Blasio in recent days: the state promised not to divert money dedicated to the capital plan for any other purpose and the city will have input over projects in the city.
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Read more: http://www.nytimes.com/2015/10/11/nyregion/new-york-city-and-state-reach-agreement-on-mta-capital-plan.html
