New York State Comptroller Thomas P. DiNapoli released the following statement regarding the Metropolitan Transportation Authority’s (MTA’s) release of its 2025-2029 Capital Program.
“The MTA’s proposed $68.4 billion 2025-2029 Capital Program is the largest in the MTA’s history, but it will still leave many needs unaddressed. As the MTA moves forward with the program it must be fully transparent on how the projects it has chosen to prioritize are the right ones to improve safety, frequency and reliability of service. This will help underscore the importance of the work to the MTA’s funding partners as they examine the proposal.
“The proposal also assumes the large $15 billion hole in the MTA’s 2020-2024 capital program will be funded, creating uncertainty over which projects risk delays or cancellation if that money is not found, and how those choices would affect the new proposal. In sum, the MTA has over $48 billion in planned spending over both capital programs that do not yet have an identified funding source. Like the MTA, the public is also waiting for more information about what steps the authority’s funding partners might take to help bridge that funding gap.”
Recent Report
MTA 2025-2029 Capital Program Scenarios
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