What's happening
This bill increases the New York City Transit Authority's share of operating surplus revenue from 50% to 75%.
Why it matters
Boosts NYC Transit Authority Funding. By increasing the share of operating surplus revenue from 50% to 75%, this bill channels more financial resources directly into the New York City Transit Authority, potentially enabling service improvements or capital investment for city transit users.
Shifts Priorities Within MTA. The change reduces the proportion of surplus going to the commuter railroads (like Metro-North and LIRR), signaling a policy shift to prioritize urban transit needs over suburban/commuter rail within the broader Metropolitan Transportation Authority (MTA) system.
Impacts Funding for Commuter Railroads. With a smaller share of surplus, commuter rail operations may see reduced flexible funding, possibly affecting their ability to cover operational costs or invest in upgrades without seeking alternative funding sources.
Reflects Urban Transit Demand. The amendment may recognize the higher ridership and infrastructure demands of New York City’s transit system, responding to calls for more equitable revenue distribution aligned with usage and need.
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Who cares
Headline styles
Change Transit Surplus Split
Plain English, a few words. Used as the page title.
Sponsors
No co-sponsors yet.
History
- Referred to transportation
- Referred to transportation
Full text
1 pageUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗
STATE OF NEW YORK
6223
2017-2018 Regular Sessions
IN SENATE
May 11, 2017
Introduced by Sen. LANZA -- read twice and ordered printed, and when printed to be committed to the Committee on Transportation
AN ACT to amend the public authorities law, in relation to the formula for New York city transit authority operating surplus revenue
The People of the State of New York, represented in Senate and Assembly, do enact as follows:
Section 1. Paragraph (b) of subdivision 2 of section 1219-a of the public authorities law, as amended by section 19 of part O of chapter 61 of the laws of 2000, is amended to read as follows:
(b) Promptly upon the making of the certification of its operating surplus, if any, for its fiscal year ending December thirty-first, nineteen hundred seventy-two and for each of its subsequent fiscal years, triborough bridge and tunnel authority, at the direction of metropolitan transportation authority, shall transfer such operating surplus (1) to the metropolitan transportation authority for deposit into one or more funds or accounts to be used as contemplated by section twelve hundred seventy-d of this article, or (2) to the authority and the metropolitan transportation authority solely for application to the payment of the expenses of operation. For purposes of determining the proportional allocation of the operating surplus as between the authority and the metropolitan transportation authority, the following formula shall apply: (i) twenty-four million dollars plus [fifty] seventy-five percentum of the balance of such operating surplus shall be allocable to the authority, and (ii) the remainder shall be allocable to metropolitan transportation authority on behalf of the commuter railroads operated by it, by its subsidiary corporations or by others under joint arrangements.
§ 2. This act shall take effect on the sixtieth day after it shall have become a law.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD07558-01-7
Reflowed for reading: line numbers and page breaks removed. Cite the official text.
Sponsor's memo
Title of bill
An act to amend the public authorities law, in relation to the formula for New York city transit authority operating surplus revenue
Purpose
Provides for a 75-25 percent split in the New York city transit authori- ty's operating surplus between the authority and the Metropolitan trans- it authority
Summary of provisions
Paragraph (b) of subdivision 2 of section 1219-a of the public authori- ties law, as amended by section 19 of part 0 of chapter 61 of the laws of 2000, is amended to read as follows: For purposes of determining the proportional allocation of the operating surplus as between the authori- ty and the metropolitan transit authority, the following formula shall apply: (i) twenty four million dollars plus fifty seventy-five percentum of the balance of such operating surplus shall be allocable to metropol- itan transit authority, and (ii) the remainder shall be allocable to the metropolitan transportation authority on behalf of the commuter rail- roads operated by it, by-its subsidiary corporations or by others under, joint arrangements.
Justification
As it is currently set the amount of MTA dollars leaving the five boroughs is unequal with respect to where the money is generated. A change of layout would allow the money to be spent on infrastructure and operating improvements where it is generated.
Legislative history
2017: S.6223 - Referred to Transportation / A.3769 Referred to Corpo- rations, Authorities & Commissions 2016: S.3351 - Referred to Transportation / A.1899 - Referred to Corpo- rations, Authorities & Commissions 2015: S.3351- Referred to Transportation / A.1899 Referred to Corpo- rations, Authorities & Commissions 2014: S.3614- Referred to Transportation / A.3127 - Referred to Corpo- rations, Authorities& Commissions 2013: S.3614- Referred to Transportation / A.3127 Referred to Corpo- rations, Authorities & Commissions 2012: S.4814 - Referred to Transportation / A.10001 - Referred to Ways & Means 2011: S.4814 - Referred to Transportation
Fiscal implications
None.
Effective date
This act shall take effect on the sixtieth day after it shall have become a law.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.