Events Calendar http://www.nysenate.gov/committee/Transportation/events/2015-03 en Metropolitan Transportation Authority (MTA) Budget and Finances http://www.nysenate.gov/event/2015/mar/02/metropolitan-transportation-authority-mta-budget-and-finances <p><strong>Senate Standing Committee on Transportaion</strong><br /> <strong>Chair:&nbsp;</strong>Senator Joseph E. Robach<br /> <strong>Senate Standing Committee on Infrastructure and Capital Investment</strong><br /> <strong></strong><strong>Chair:&nbsp;</strong>Senator Carl L Marcellino<br /> <strong>Public Hearing:</strong><span style="font-size: 16px;">&nbsp;To examine the changes necessary to prevent annual operating deficits, stop the continuing cycle of increased fares and decreased services, and discuss funding options for the Capital Plan.</span><br /> <strong>Place:</strong><span style="font-size: 16px;">&nbsp;Legislative Office Building, Hearing Room A&nbsp;, Albany, NY</span><br /> <strong>Time:</strong><span style="font-size: 16px;">&nbsp;10:30 A.M.</span><br /> <strong>Contact:</strong><span style="font-size: 16px;">&nbsp;Debbie Peck Kelleher&nbsp;(518) 455-2390</span><br /> <strong>Media Contact:</strong><span style="font-size: 16px;">&nbsp;Kathy Wilson 516 922-1811, Steve Barz 585-225-3650</span><br /> <em><strong>ORAL TESTIMONY BY INVITATION ONLY</strong></em></p> <!--break--><!--break--><p></p> <p align="center"><strong><span style="text-decoration: underline;">NOTICE OF PUBLIC HEARING</span></strong></p> <p align="center"><strong>Oral Testimony by Invitation Only</strong><strong><em>&nbsp;</em></strong></p> <p align="center">Monday, March 2, 2015</p> <p align="center">10:30 am</p> <p align="center">Hearing Room A</p> <p align="center">Legislative Office Building</p> <p align="center">Albany, NY 12247</p> <p align="center"><em>&nbsp;</em></p> <p><span style="font-size: 16px; line-height: 1; text-decoration: underline;">SUBJECT</span><span style="font-size: 16px; line-height: 1;">: &nbsp;&nbsp;&nbsp;&nbsp; Metropolitan Transportation Authority (MTA) Budget and Finances</span><em><span style="text-decoration: underline;">&nbsp;</span></em></p> <p><span style="text-decoration: underline;">PURPOSE</span>: &nbsp;&nbsp;&nbsp; To examine the changes necessary to prevent annual operating deficits, stop the continuing cycle of increased fares and decreased services, and discuss funding options for the Capital Plan.<em>&nbsp;</em></p> <p>The MTA is implementing a number of cost saving actions for the current operating budget to be balanced.&nbsp; Even with these actions, the MTA will have a predicted operating budget deficit of $322 million in 2018.&nbsp; The proposed $32.1 billion capital program for 2015-2019 has a funding gap of $15.2 billion, almost half of the total costs.&nbsp;<em>&nbsp;</em></p> <p>The purpose of this Hearing is to investigate the serious financial problems at the Metropolitan Transportation Authority.&nbsp; The Infrastructure and Capital Investment, and Transportation Committees will convene to examine what changes need to be made to prevent predicted deficits, stop the continuing cycle of increased fares and decreased services, and discuss funding options for the Captial Plan.<em>&nbsp;</em></p> <p><strong>Oral testimony will be accepted by invitation only and limited to 10 minutes in duration.</strong>&nbsp; 15 copies of any prepared testimony should be submitted at the hearing registration desk. The Committees would appreciate advance receipt of prepared statements.&nbsp; Written testimony will also be accepted and may be sent to the contact person listed on the reply form. In order to further publicize the hearing, please inform interested parties of the<em> </em>Committees’ interest in receiving written testimony from all sources<em>.&nbsp;</em><em>&nbsp;</em></p> <p>In order to meet the needs of those who may have a disability, the Legislature, in accordance with its policy of non-discrimination on the basis of disability, as well as the 1990 Americans with Disabilities Act (ADA), has made its facilities and services available to all individuals with disabilities.&nbsp; For individuals with disabilities, accommodations will be provided, upon reasonable request, to afford such individuals access and admission to Legislative facilities and activities.&nbsp;</p> <p align="center"><strong>Senator Carl L. Marcellino, Chairman</strong></p> <p align="center"><strong>Senate Standing Committee on Infrastructure and Capital Investment<em>&nbsp; </em></strong></p> <p align="center"><strong><em>&nbsp;</em></strong></p> <p align="center"><strong>Senator Joseph Robach</strong></p> <p align="center"><strong>Senate Standing Committee on Transportation</strong><em></em></p> <p align="center">&nbsp;</p> <p><em>&nbsp;</em></p> <fieldset class="fieldgroup group-related-information"><legend>Related information</legend><div class="field field-type-nodereference field-field-committee"> <div class="field-label">Committee:&nbsp;</div> <div class="field-items"> <div class="field-item odd"> <a href="/committee/transportation">Transportation</a> </div> </div> </div> <div class="field field-type-nodereference field-field-senator"> <div class="field-label">Senator:&nbsp;</div> <div class="field-items"> <div class="field-item odd"> <a href="/senator/joseph-e-robach">Joseph E. Robach</a> </div> </div> </div> </fieldset> <div class="field field-type-number-integer field-field-show-like-button"> <div class="field-label">Show like button:&nbsp;</div> <div class="field-items"> <div class="field-item odd"> Display Facebook Like button </div> </div> </div> Corporations Economic Development Transportation 42.650000 -73.760000 Thu, 05 Feb 2015 21:46:05 +0000 Fanes Saintil 258091 at http://www.nysenate.gov