NEW YORK – The New York
Metropolitan Transportation Authority’s final proposed 2016 budget
as presented Wednesday comes in at $15.1 billion, up from $14.5 billion
this year.
The Metro-North Railroad portion of the massive spending plan is $1.25
billion, up from $1.19 billion this year.
The final budget will be adopted at the MTA Board’s December session.
“The MTA is committed to bringing high-quality service to our customers
at a reasonable cost, and our updated Financial Plan shows how we are
putting that commitment into action,” said MTA Chairman and CEO
Thomas Prendergast. “We are continuing to find new ways to save
money, we are making smart investments to serve our growing ridership,
and we are doing this while minimizing the impact on our customers’
wallets.”
The financial plan includes fare and toll increases approximating the
rate of inflation, and assumes four percent fare increases in 2017 and
2019.
