|Assembly Actions - Lowercase
Senate Actions - UPPERCASE
|Feb 02, 2023||referred to transportation|
senate Bill S4024
Current Bill Status - In Senate Committee Transportation Committee
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed/Vetoed by Governor
(D, WF) 25th Senate District
(D) 30th Senate District
(D, WF) 59th Senate District
(D, WF) 47th Senate District
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
BILL NUMBER: S4024 SPONSOR: GIANARIS TITLE OF BILL: 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 PURPOSE OF BILL: To bring fiscal stability to the MTA, while establishing universal poli- cies that create high quality public transit that is accessible to all New Yorkers. SUMMARY OF PROVISIONS OF BILL: Section 1 sets the short title to be the "MTA Freeze Fares, Fund Frequency and Free bus Act," or the MTA "Formula 3" Act. §2 sets forth the Legislative findings and intent.
S4024 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 4024 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 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- 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. LBD05013-02-3
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