New York Gov. David Paterson yesterday appointed 12 members to a blue ribbon commission to study the Metropolitan Transportation Authority's funding problems.

The Commission on Metropolitan Transportation Authority Financing is charged with developing a long-term funding proposal that looks at projected budget shortfalls over the next 10 years and estimating the MTA's capital needs through 2018. The commission will propose funding actions that could include getting more state subsidies, congestion pricing, raising fares and tolls, and making operations more efficient. The commission's findings and recommendations are due by Dec. 5.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.