senate Bill S4024

2023-2024 Legislative Session

Relates to spending by the Metropolitan Transportation Authority

download bill text pdf

Sponsored By

Current Bill Status - In Senate Committee Transportation Committee

  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor

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view actions (1)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Feb 02, 2023 referred to transportation


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S4024 (ACTIVE) - Details

See Assembly Version of this Bill:
Current Committee:
Senate Transportation
Law Section:
Metropolitan Transportation Authority

S4024 (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.

S4024 (ACTIVE) - Sponsor Memo

S4024 (ACTIVE) - Bill Text download pdf

                     S T A T E   O F   N E W   Y O R K
                        2023-2024 Regular Sessions
                             I N  S E N A T E
                             February 2, 2023
 Introduced  by Sens. GIANARIS, BRISPORT, GONZALEZ, SALAZAR -- read twice
   and ordered printed, and when printed to be committed to the Committee
   on Transportation
 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
   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-
 ability through reporting measures; establish prudent and accurate budg-
 et measures; and improve safety. All of these goals together will aid in
 providing safe, reliable and affordable transit service to riders.
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.


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