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Metropolitan Transportation Authority of New York State
The Metropolitan Transportation Authority, through its subsidiary agencies, is
responsible for mass transit planning and operations in the New York City
metropolitan area of New York State. The Long Island
Railroad also handles freight. MTA Bridges and Tunnels runs the toll bridges
and tunnels in the City. The MTA is an independent authority, so can separate
its bonding from the State and City. This separation allows the State, City
and MTA to incur higher debt financing levels and/or obtain better bond
ratings. The steady positive cash flow from their toll facilities provides
them a high debt ceiling and a decent credit rating. Board members are
appointed by the Governor and the Mayor.
The MTA's facilities are in the midst of a massive rebuilding program.
Unfortunately, the State and City are withholding significant funds for this
work. Cuts in operating assistance from the City and State present the need
to lower service and maintenance costs. While the MTA's federal funding
levels are determined in large part by the State, the US government pays the
MTA directly, eliminating the ability of the State to play games by delaying payment.
New York City Transit
Dissolved in mid 1996. Functions given to NYC Transit.
Long Island Railroad
Metro North Railroad
Bridges & Tunnels (Triborough Bridge & Tunnel Authority)
Long Island Bus (Metropolitan Suburban Bus Authority)
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Last updated: 7 September 1999