MTA releases 2011 preliminary budget and four-year financial plan
The Metropolitan
Transportation Authority released its 2011 preliminary budget and proposed four-year
financial plan for 2011-2014. The proposed plan reflects unprecedented internal
cost cutting initiatives undertaken in response to a $900-million shortfall for
2010 resulting from cuts to state assistance and dramatic downturns in tax
revenue. These shortfalls amount to more than $2.5 billion over the plan
period.
