What's happening
This bill increases the portion of New York City Transit Authority operating surplus allocated to the authority from 50% to 75%.
Why it matters
Increases NYC Transit Authority share. The bill boosts the New York City Transit Authority’s (NYCTA) portion of the operating surplus, meaning more funds will flow directly to city subways and buses instead of being shared with the commuter railroads.
Potential impact on service and maintenance. With a larger share of surplus revenue, NYCTA may have more resources for crucial needs like repairs, upgrades, and service improvements, which could result in better reliability and rider experience for millions of daily city transit users.
Shifts funding balance within the MTA. By increasing the NYCTA’s allocation from 50% to 75%, the bill reduces the proportion going to the Metropolitan Transportation Authority’s commuter railroads (Long Island Rail Road and Metro-North), potentially affecting their budgets and priorities.
Reflects prioritization of urban transit. This change suggests a policy shift toward prioritizing dense, urban mass transit over regional commuter lines, possibly in response to higher ridership demands and infrastructure challenges within New York City itself.
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Who cares
Headline styles
Split MTA Surplus 75-25
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
2624
2019-2020 Regular Sessions
IN SENATE
January 28, 2019
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.
LBD00811-01-9
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
2018: S.6223 - Referred to Transportation
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: 5.4814 - 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.