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511NY | TripPlanner

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News

MTA Unveils 2011 - 2014 Financial Plan

The Metropolitan Transportation Authority (MTA) has released its 2011 Preliminary Budget and proposed Four-Year Financial Plan for 2011-2014. The proposed plan reflects unprecedented internal cost cutting initiatives undertaken in response to a $900 million shortfall for 2010. As a result of its cost-cutting actions, the MTA was able to limit the fare revenue increase to 7.5% in 2011. The Plan faces many risks, however, including the need for labor participation to control wage and benefit costs. The July Plan is preliminary; the MTA Board will consider a final Plan in December.

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