12/03/09 - Deficit Reduction Plan Passes Assembly - Vote is Expected Soon in Senate Print E-mail
State Government

The Assembly passed the Deficit Reduction Plan Wednesday morning after an all night session. We are still in the process of reviewing the legislation, which is expected to be voted on by the Senate today and signed by the Governor. Important to transit is the inclusion of a $120 million sweep from downstate STOA and a 3.36% across the board cut to operating for all systems. The Legislature opted not to include a $5 million sweep of the non-MTA capital account as proposed earlier. Below, please find a chart detailing the cuts to operating.

Systems

Enacted 2009-10

DRP Cut

Revised 09-10 Payments

Deferred Payment from 09-10 to 10-11

Downstate

MTA total

3,907,449,700

141,305,763

3,721,256,593

44,887,344

Rockland

2,877,397

104,056

2,716,301

57,040

SI Ferry

27,878,726

1,008,183

26,317,889

552,654

Westchester

46,919,478

1,696,757

44,292,613

930,108

MTA Long Island Bus

56,516,386

2,043,812

53,352,222

1,120,353

Suffolk

22,100,169

799,212

20,862,854

438,103

NYC DOT

74,546,868

2,695,851

70,373,237

1,477,780

FORMULAS

27,069,776

978,929

25,554,229

536,618

Supplemental

4,312,000




Non-MTA Total

262,220,800


243,469,345

5,112,656






Subtotal Downstate

4,169,670,500

150,632,562

3,964,725,938

50,000,000

Upstate

CDTA

30,518,035

1,103,629

28,518,231

896,175

CNYRTA

27,881,043

1,008,267

26,054,037

818,739

RGRTA

31,968,943

1,156,098

29,874,063

938,782

NFTA

44,164,330

1,597,122

41,270,303

1,296,905

FORMULAS

35,735,849

1,292,322

33,394,129

1,049,399

Supplemental

1,960,000









Subtotal Upstate

172,228,200

6,157,438

159,110,762

5,000,000






Totals

4,341,898,700

156,790,000

4,123,836,700

55,000,000

In addition to the Deficit Reduction Plan, the public authorities reform legislation passed by the Assembly earlier this month is on the agenda for consideration by the Senate.

If you have any questions or comments, you can contact us at 518-465-7330 or email This e-mail address is being protected from spambots. You need JavaScript enabled to view it .

Weingarten, Reid & McNally, LLC
One Commerce Plaza, Suite 402
Albany, NY 12210
Phone 518-465-7330
Fax 518-465-0273
Visit us on the web at www.lobbywr.com


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