Transit Funding

Last week Streetsblog sat down with David Bragdon, the new head of the city's Office of Long-Term Planning and Sustainability, to talk about next year's update of PlaNYC. A new version of the city's sustainability plan is set to be released on Earth Day, 2011 (that's April 22), revising the 2007 roadmap for a city that prioritizes transit, biking, and walking.

The past couple of years have been bittersweet for American transit riders. While the Obama administration's TIGER grant program and livability initiatives have spurred investments in new streetcar and bus projects, service cuts and fare hikes have been the order of the day in cities large and small, as transit agencies cope with shrinking revenues brought on by the recession. It can be frustrating for transit users to witness the construction of expensive new facilities while they’re paying more for less service.

Aging infrastructure across the country has become an enormous safety risk. It’s also becoming an economic hazard.

Earlier this week State Comptroller Tom DiNapoli came out with his latest report on the MTA's troubled finances [PDF], and if you take a look at the numbers, the big takeaway is pretty stark. Without funding for the $9.9 billion hole in the agency's capital program, MTA debt will soar even higher. If legislators don't secure more revenue for maintaining and expanding the transit system, there are basically two options: either the MTA can reduce its capital spending or straphangers can pay the price through higher fares and worse service.