New York Mayor Says City Can’t Afford Additional Contribution To MTA’s Budget

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.”