Skip to Content
Streetsblog New York City home
Streetsblog New York City home
Log In
Andrew Cuomo

Assembly to Reject Cuomo’s $40M Transit Raid; No Word From State Senate

Assembly Speaker Sheldon Silver will look to block Governor Cuomo's $40 million transit raid, according to the Daily News.

Cuomo's executive budget proposes to divert $40 million in dedicated transit revenue to pay for MTA bonds the state had pledged to pay off from the general fund. The move could cost the MTA around $350 million over the life of the bonds.

Last week a group of 32 Assembly members called on Silver to restore the funds in the legislative budget, which is scheduled to be voted on Wednesday.

From the News:

The Assembly will reject the governor’s plan in a formal response it unveils this week to Cuomo’s budget proposal, a source close to Speaker Sheldon Silver said.

“These funds could be used to offset fare increases, restore past service cuts or help fund the MTA capital plan,” the source said.

Sources tell Streetsblog there is no word yet from the State Senate. When Cuomo put a $20 million raid in the budget last year, the Senate removed the provision from its budget proposal. The Assembly went along with Cuomo, however, and the cut was enacted.

This is a developing story. We will post updates as we get them.

Stay in touch

Sign up for our free newsletter

More from Streetsblog New York City

Sean Duffy’s ‘Great America Road Trip’ Wants You to Drive to Central Park

Sean Duffy's "Great American Road Trip" encourages Americans to drive to sites in the most transit-rich and car-choked parts of the country.

July 3, 2025

Ex-DOT Official Warns NYC’s ‘Counterproductive’ E-bike Speed Limit Will Curb Biking, Safety

The mayor is working overtime to undo the decade of gains for cycling in the Big Apple, a former de Blasio administration official told Streetsblog.

July 3, 2025

Thursday’s Headlines: Just the News Edition

Things are slowing down for summer, but not entirely. Here's the news.

July 3, 2025

DOT Boss Defends Adams’s ‘Vision Zero’ Record As Agency Fights A Bike Lane in Court

Traffic fatalities are down and the DOT is taking a victory lap — even as it argues against a protected bike lane in court.

July 2, 2025

Cyclist Arrested After Crash with Electric ‘One-wheel’-Style Unicycle

Carolyn Backus is charged with fleeing the scene of a crash causing serious injury, but the details are murky.

Wednesday’s Headlines: Return of Summer Streets Edition

Summer Streets is back and bigger than ever. Plus more news.

July 2, 2025
See all posts