"By promoting financial and ethical responsibility for all elected officials and committing to meaningful change, Citizens Budget Commission has enriched our democratic society and the quality of life for all citizens." State Comptroller Thomas P. DiNapoli
Testemony of CBC President Carol Kellermann to the New York State Senate Finance Committee regarding the MTA and the critical challenges that will face the MTA in the coming years. These challenges include balancing the MTA's operating budget, financing new capital investments, and planning and implementing capital projects.
This written testimony by CBC President Carol Kellermann agrees, for the most part, with a report released by the Commission on Metropolitan Transportation Authority (MTA) Financing but offers suggestions for improvement. Specifically, CBC supports legislation to implement the Commission’s core recommendations (with revision), which are highlighted in the testimony.
In this letter to Governor David Paterson, CBC President Carol Kellermann agrees, for the most part, with a report released by the Commission on Metropolitan Transportation Authority (MTA) Financing but offers suggestions for improvement. Specifically, CBC supports legislation to implement the Commission’s core recommendations (with revision), which are highlighted in the testimony.
This op-ed by CBC President Carol Kellermann and Research Director Charles Brecher proposes the most equitable division of responsibility for mass transit in the metro area.
This testimony by CBC President Carol Kellermann emphasizes the major opportunity of the Ravitch Commission to create change and build a solid foundation of an effective mass transit system for the coming years. The testimony defines the problem facing the MTA, provides guiding principles, and offers specific solutions that the Commission should consider.
CBC commends the MTA for developing a transparent and essential preliminary financial plan for 2008-2011. The plan presents a realistic assessment of the budget gaps faced by the agency and identified multiple strategies to deal with them, including moderate and predictable fare increases.
CBC finds that the MTA's financing arrangements resulted in 1) repeated operating deficits and 2) capital investments that were insufficient in bringing its facilities to a state of good repair. In order for New York to maintain a strong and vibrant economy, its transportation system has to be kept up to par and expanded to meet future needs.
This is a summary of CBC's "How to Balance the MTA Budget" report, released in 2006. CBC finds that the MTA's financing arrangements resulted in 1) repeated operating deficits and 2) capital investments that were insufficient in bringing its facilities to a state of good repair.
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