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MTA tells committee it closed a $17M swing with revised revenue and enforcement plans
Summary
The MTA briefed the Budget & Finance Committee on labor‑negotiation impacts and revenue adjustments that together closed a roughly $17 million budget swing, citing higher general‑fund passthroughs, parking and taxi revenue revisions and enforcement changes.
An MTA representative (identified in committee remarks as Mr. Rieskin) outlined how labor‑negotiation timing and earlier assumptions produced a two‑year budget gap. The MTA had assumed about $14.6 million in concessions but instead faced labor cost increases approaching $3 million, creating a roughly $17 million swing when compared to…
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