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

Komanoff: Data Show Fewer Trucks in the So. Bronx After Congestion Pricing

Expert Charles Komanoff, using MTA bridge and tunnel data, dispels one of the myths that opponents spread about the Manhattan toll.

September 19, 2025

Friday’s Headlines: Mayor’s Mismanagement Report Edition

Revealed: lots more failures of the Adams administration. Plus other news from the perfect day for our editor to test positive for Covid.

September 19, 2025

Friday Video: A Brief Look At What Austin Street Could Be

Check out what a safer, better, more vibrant Austin Street could look like.

September 19, 2025

City Gave Garbage Routes To Companies With Bad Safety Records: Audit

Companies with the most safety violations scored big under Mayor Adams.

September 18, 2025

Thursday’s Headlines: Across the Pond Edition

Transportation planners in London are using traffic filters to create mini town squares and low-traffic neighborhoods. Plus more news.

September 18, 2025

OPINION: Here’s How to Bring Real Bus Rapid Transit to Flatbush Avenue

It is worth a little extra time and money to get this right.

September 17, 2025
See all posts