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MTA 2025-2029 Capital Program Scenarios

The MTA must find billions in new funds even as the State tries to resolve the $15 billion gap in revenue created by the pause on congestion pricing. This report lays out possible sources to fund the MTA’s substantial capital needs and emphasizes areas of capital work expected to receive funding in its next capital program.

DiNapoli Report Assesses MTA's Capital Needs and Funding Scenarios

In a report released today, State Comptroller Thomas P. DiNapoli laid out the challenges and potential funding scenarios facing the Metropolitan Transportation Authority (MTA) as it prepares to submit its 2025-2029 Capital Program. The MTA must find billions in new funds even as the state tries to resolve the $15 billion gap in revenue created by the pause on congestion pricing.

Economic Impact: Higher Education

Higher education institutions provide tremendous value to New York’s local economies and the State’s overall economic health through employment, wages, student spending, and more. The sector employed over 296,000 people in 2023, paying wages of around $26.5 billion, but still has over 13,000 fewer jobs than in 2019. Maintaining a vibrant higher education system is critical to New York’s future.

Exclusion of Indebtedness for Sewage Facilities

Comptroller DiNapoli's Legislative Program

Legislative Session 2023-2024:

Exclusion of Indebtedness for Sewage Facilities – Signed as Chapter 641 of Laws of 2023, A.5056/S.6940 (Conrad/Martinez) – Relates to extending the exclusion of indebtedness contracted for sewage facilities.