Skip to Content
Streetsblog New York City home
Streetsblog New York City home
Log In
Sheldon Silver

Silver on MTA Funding Plan: Wait Until 2012 Budget Debate

Assembly Speaker Sheldon Silver said Albany wasn't currently working on any plan to pay for the MTA's capital program, but that it should come up during budget season. Photo: Noah Kazis.

The current MTA capital budget is very bad news for transit riders, who are being asked to shoulder $7 billion in debt all on their own. Where can the 8 million daily riders who count on the MTA turn for help?

Not Washington: The just-negotiated debt ceiling deal is likely to mean more cuts to transportation, which would probably translate into more cuts at the MTA.

Not Andrew Cuomo: The governor never even made time for a sit-down meeting with MTA chief Jay Walder, reports the New York Times, much less developed a plan for adequately funding transit. According to the Tri-State Transportation Campaign, Cuomo is focused on finding funds to pay for roads and bridges instead of tracks and trains.

Not Michael Bloomberg: The MTA's budget calls for the city to chip in half a billion dollars from the new tax revenue that will be generated by the Second Avenue Subway. The mayor put the kibosh on that idea on his weekly radio show, according to Transportation Nation.

Not the State Senate: Senate Republicans remain focused on eliminating the payroll mobility tax, which brings in $1.5 billion a year for transit. In June, eight Democrats voted with them on a one-house bill to phase out the tax.

That leaves just the State Assembly, which could redeem its decision to kill congestion pricing in 2008 by leading the charge for transit now. After an event today marking the opening of a new entrance to the Fulton Street transit center, Streetsblog asked famously tight-lipped Assembly Speaker Sheldon Silver whether there are any discussions about funding the rest of the MTA's capital plan happening in his chamber.

"There are none going on right now, but I'm sure they'll be part of the next budget conversation," Silver said.

Stay in touch

Sign up for our free newsletter

More from Streetsblog New York City

Gov. Hochul Is Playing With Toys — And The Facts — In Latest ‘Propaganda’ Video on Car Insurance: Lawyers

The governor is still fighting to make it cheaper to drive with a reform that would reduce compensation to some crash victims.

February 23, 2026

Monday’s Headlines: Whiteout Conditions Edition

Lyft promised to have more crews shoveling out Citi Bikes this week than it did after January's storm. Plus more news.

February 23, 2026

STATE OF EMERGENCY UPDATE: Road Travel Ban Continues, Trains in Trouble

No travel on roads after 9 p.m., though Streetsblog's Emergency Weather Desk is now predicting 12 to 14 inches as of 1:30 p.m. on Sunday. Check back for updates.

February 22, 2026

Gov. Hochul Just Says ‘Way-No’ to Driverless Cabs Across NYS

The governor made the shocking choice to reverse her budget proposal that allowed companies like Waymo to expand throughout the state.

February 20, 2026

Friday Video: How Many ‘Better Billion’ Plans Are There?

Apparently, there are lots of better ways to spend $1 billion.

February 20, 2026

Friday’s Headlines: You’ve Gov To See It For Yourself Edition

South Bronx anti-highway advocates want Gov. Hochul to come see the site of her proposed Cross Bronx widening for herself. Plus more news.

February 20, 2026
See all posts