Assembly Actions -
Senate Actions - UPPERCASE
|Feb 09, 2023||
referred to corporations, authorities and commissions
Assembly Bill A4122
2023-2024 Legislative Session
Current Bill Status - In Assembly Committee
- In Committee Assembly
- On Floor Calendar Assembly
- Passed Assembly
- Delivered to Governor
- Signed By Governor
Robert C. Carroll
2023-A4122 (ACTIVE) - Details
- See Senate Version of this Bill:
- Current Committee:
- Assembly Corporations, Authorities And Commissions
- Law Section:
- Metropolitan Transportation Authority
2023-A4122 (ACTIVE) - Summary
Relates to spending by the Metropolitan Transportation Authority; requires the MTA to allocate funds received for tax years 2023-2026 in certain amounts for certain purposes; requires the authority to freeze fares, increase service frequency, and implement a fare-free bus program; requires the MTA to use certain excess monies, if available, to pay off outstanding debts.
2023-A4122 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 4122 2023-2024 Regular Sessions I N A S S E M B L Y February 9, 2023 ___________ Introduced by M. of A. MAMDANI -- Multi-Sponsored by -- M. of A. ANDER- SON, ARDILA, CARROLL, CUNNINGHAM, DE LOS SANTOS, DINOWITZ, EPSTEIN, FORREST, GALLAGHER, GIBBS, GONZALEZ-ROJAS, JACKSON, KIM, LEE, MITAYNES, RAGA, SEAWRIGHT, SEPTIMO, SHRESTHA, SIMONE, TAPIA, WALKER -- read once and referred to the Committee on Corporations, Authorities and Commissions AN ACT in relation to spending by the Metropolitan Transportation Authority; and requiring the Metropolitan Transportation Authority to freeze fares, increase service frequency and establish a permanent fare-free bus program THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Short title. This act shall be known and may be cited as the "MTA Freeze Fares, Fund Frequency and Free Bus Act," or the MTA "Formula 3 Act". § 2. Legislative findings and intent. The legislature hereby finds and declares the importance of the New York Metropolitan Transportation Authority (MTA) and affirms the duty of the legislature to ensure that the Authority operates effectively. The MTA provides an essential service: transporting millions of New Yorkers on billions of trips each year to and from their places of work, worship, and gathering. For many New Yorkers, however, the cost is prohibitive - particularly as inflation climbs, wages remain stagnant, and the cost of basic goods rises. At the same time, the MTA faces a fiscal crisis due to ridership declines from the COVID-19 pandemic, the exhaustion of federal COVID-19 relief, and the Authority's historically high debt loads. Accordingly, the legislature further finds and declares that it is the state's obli- gation to solve the MTA's budget crisis, while rejecting a fare hike, increasing service and making buses free. The state must intervene and fill the deficit, while also charting a sustainable future for the MTA. Simultaneously, it is the intent of the legislature to enhance account- EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD05013-02-3
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