NYC Transportation Budget Hearing
Today, May 23, 2012 NYC Council Members James Vacca, Chair of the Transportation Committee, and Domenic Recchia, Chair of the Finance Committee, will hold a joint hearing to discuss the Administration’s Executive Budgets with respect to transportation.
Since the Committee’s preliminary budget hearings, MTA’s capital plan has been fully funded through 2014, but the Agency has planned fare hikes of 7.5% in both January 2013 and January 2015. In addition, the East Side Access project was recently announced to be $1B over budget and far behind its scheduled completion date.