The Metropolitan Transportation Authority (MTA) operates and maintains
the major public transportation systems in the Metropolitan Transportation
District, which consists of New York City and Dutchess, Nassau, Orange,
Putnam, Rockland, Suffolk, and Westchester Counties.
The Executive proposes a contingency appropriation for the MTA in the
amount of $437,600,000, an increase of $46,203,000, or 11.80 percent. This
contingency appropriation will support debt service payments for the MTA in
State Fiscal Year (SFY) 2002-03 in the event the State Budget for that
fiscal year is not passed prior to April 1, 2002. The increase reflects
higher projected revenues to the Dedicated Mass Transportation Trust Fund
due to higher tax collections in the MTA region.
The SFY 2000-01 enacted State budget contained an appropriation of
$320,000,000 related to the Transportation Bond Act of 2000. The Executive's
proposed budget for SFY 2001-02 did not contain this appropriation due to
the failure of the Transportation Bond Act. The Bond Act would have provided
the MTA with $1.6 billion to fund the MTA's Capital Plan.
The Metropolitan Transportation Authority (MTA) approved and submitted a
Capital Plan for 2000-04 of $17.1 billion to the Capital Program Review
Board (CPRB), which is comprised of representatives of the Executive, the
Senate, the Assembly and the Mayor of New York City. The Board approved the
Capital Plan ($17.1 billion) excluding areas relating to Bridges and Tunnels
($1 billion). The Metropolitan Transportation Authority Capital program,
approved by the Capital Program Review Board in May of 2000, continued to
rehabilitate and modernize the bus, subway and commuter rail systems; support
transit service enhancements including the conversion to clean fuel buses;
and design and construct several major projects to expand the transit system.
The $17.1 billion five-year MTA Capital Program included $1.6 billion of
the $3.8 billion Transportation Bond Act that was presented for voter
approval on the statewide ballot on November 2000. The Transportation Bond
Act of 2000 would have secured funds for the MTA to improve and expand the
transit system and enhancements including the conversion to clean fuel buses.
Capital investments by the MTA are the following: $10.3 billion for New York
City subways and buses; $2.1 billion for Long Island Rail Road; $1.3 million
for Metro-North Railroads; $3.3 billion for expansion on new initiatives;
and $1 billion for bridges and tunnels.
The increase in the Capital Plan can be attributed to the MTA's
undertaking of new initiatives for system expansion ($3.3 billion). These
new initiatives would be: $1.5 billion for the East Side Access linking Long
Island Rail Road to Grand Central Terminal; $1.05 billion for the environmental
work, final design and elementary tunnel work for a full length Second Avenue
Subway; $68 million for planning, design and engineering of the #7 Line
extension to Javits Center, Lower Manhattan Access, and Metro North Penn
Station Access; $645 million for LaGuardia Airport Access.
The Assembly proposes to dedicate sales tax revenues to offset the debt
service cost that the MTA will incur as a result of the issuance of $1.6
billion in bonds for the system expansion initiatives in the Capital Plan.
The Assembly proposes that prior to the transfer of sales tax revenues of
the Local Government Assistance Corporation (LGAC) to the general fund, the
amount of $7,022,649 shall be considered for payments of debt service
incurred by the MTA. This payment shall be for $640 million of bond
issuance anticipated in SFY 2001-02 to support the MTA's Capital Plan in the
undertaking of the new initiatives for the system expansion.