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NY MTA Approves $19 Billion Budget While Fighting Fare Evasion

(Bloomberg) -- New York’s Metropolitan Transportation Authority approved a $19.3 billion operating budget for 2024 but fare evasion and a potentially slower-than-anticipated ridership recovery could imperil the nation’s largest transit provider.Most Read from BloombergS&P Logs Worst Day in Two Months, Bonds Power On: Markets WrapTrump Barred From Colorado Ballot in Unprecedented RulingThe Hedge Fund Traders Dominating a Massive Bet on BondsApple Races to Tweak Software Ahead o...
Janno Lieber Kathy Hochul Bloomberg Businessweek Kevin Willens Bloomberg New York Metropolitan Transportation Authority York City Police Department
Source: yahoo.com

WMATA Proposes 'Severe Cuts' in FY2025 Budget (UPDATED, 12/15) - Railway Track and Structures

WASHINGTON, D.C. –– The Washington Metropolitan Area Transit Authority (WMATA) has released its proposed operating and capital budget for fiscal year 2025 (FY2025), which calls for “severe cuts” to address the agency’s $750 structural funding shortfall—a deficit equal to more than 25% of the operating budget—despite “proactive management actions” taken by WMATA to control expenses.
United States Randy Clarke Railway Age Washington Metropolitan Area Transit Authority Capital Improvement Program Severe Cut
Source: rtands.com

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