Assembly Bill A4122

2023-2024 Legislative Session

Relates to spending by the Metropolitan Transportation Authority

download bill text pdf

Sponsored By

Current Bill Status - In Assembly Committee


  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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2023-A4122 (ACTIVE) - Details

See Senate Version of this Bill:
S4024
Current Committee:
Assembly Corporations, Authorities And Commissions
Law Section:
Metropolitan Transportation Authority

2023-A4122 (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.

2023-A4122 (ACTIVE) - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   4122
 
                        2023-2024 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             February 9, 2023
                                ___________
 
 Introduced  by M. of A. MAMDANI -- Multi-Sponsored by -- M. of A. ANDER-
   SON, ARDILA, CARROLL, CUNNINGHAM,  DE LOS SANTOS,  DINOWITZ,  EPSTEIN,
   FORREST,   GALLAGHER,   GIBBS,   GONZALEZ-ROJAS,  JACKSON,  KIM,  LEE,
   MITAYNES, RAGA, SEAWRIGHT, SEPTIMO, SHRESTHA, SIMONE, TAPIA, WALKER --
   read once and referred to the Committee on  Corporations,  Authorities
   and Commissions
 
 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-

  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD05013-02-3
              

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