New York’s Metropolitan Transportation Authority plans to release a $12.04 billion preliminary budget for 2011 today, officials said.

The preliminary plan relies on a combination of planned fare and toll increases, labor concessions, efficiency savings and recurring actions taken this year to close a $1.03 billion deficit. Operating costs in 2010 are projected to be $11.4 billion. The authority will propose a final budget in November that must be adopted before the end of the year.

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