Gothamist reports, New York City officials, including Mayor Eric Adams (D), are pushing back on the proposal that the city contribute an additional $500 million annually toward resolving MTA’s budget crisis. That proposal is part of a financial rescue plan that Governor Kathy Hochul (D) revealed earlier this week in a preview of the executive budget she will present to state lawmakers. “The city annually contributes approximately $2 billion to the MTA in direct and in-kind contributions and, while we recognize the significant fiscal challenges the MTA faces, we are concerned that this increased commitment could further strain our already-limited resources,” Adams stated. Gothamist notes, “A recent analysis by the Citizens Budget Commission found that city taxpayers provide 71% of the MTA’s non-fare and toll, nonfederal revenue.”
