As Dedicated MTA Funds Disappear, Cuomo Still Hasn’t Signed Lockbox Bill

Even as Governor Andrew Cuomo moves to put $320 million in dedicated transit funding in a precarious position, he still hasn’t acted on transit lockbox legislation which would help protect the dedicated funds that remain.

The bill, sponsored by Assembly Member James Brennan and Senator Marty Golden, passed both houses of the legislature unanimously last summer. Cuomo hasn’t acted on the legislation, however. If passed, the lockbox would make it harder for either the governor or the legislature to steal dedicated transit funds.

According to Golden staffer John Googas, the governor has until December 31 to sign or veto the legislation. For now, it appears that the version of the legislation that passed, which earned support from an unusually broad coalition of transit advocates, labor unions, good government groups and the private sector, will be the one that Cuomo will decide on. Googas said Golden believes the current language offers “the best possible protection we can get” for transit funds and that there are not active plans to amend the bill.

Update: We’re hearing reports that a greatly weakened version of the bill may, in fact, replace the lockbox bill passed by the legislature. We’ll have an update when the situation becomes clear.

Cuomo has three weeks to choose whether he thinks dedicated transit funds — at least those he’ll allow to remain dedicated — should go to transit.


Will Cuomo Sign the Transit Lockbox Bill?

The transit lockbox bill, which would require Albany to disclose the impacts of any raid of dedicated transit funds, passed both the Senate and Assembly unanimously in the final days of the legislative session, reports the Tri-State Transportation Campaign. It now heads to Governor Andrew Cuomo’s desk. A nearly identical bill reached Cuomo in 2011, […]

Cuomo “Eviscerated” Transit Lockbox, Says Bill’s Sponsor

Governor Andrew Cuomo and the leadership of the state legislature added insult to injury last night, neutering the transit lockbox bill even after they put hundreds of millions in dedicated transit revenue at risk. While lockbox language did make it into the omnibus legislation passed last night, the governor’s office stripped out the meaningful provisions […]

Who, Me? Cuomo Vetoes Lockbox Bill, Denies Raiding Transit

Hours after the MTA announced that it would be scaling back planned fare hikes in part because of better-than-expected tax receipts, Governor Cuomo vetoed two transparency bills designed to discourage Albany from siphoning away those very same dedicated transit funds. The governor capped his veto with a brazen denial: Despite getting caught raiding the MTA’s budget earlier […]