Metropolitan Transportation Authority

Because revenue from riders at the farebox has not recovered as well as the MTA had expected, budget gaps are rising as federal funds are falling.

Tom Wright, president and CEO of the Regional Plan Association, talks with Chip Barnett about the ongoing Gateway transportation project and its importance to the tri-state region. He also discusses the challenges and opportunities in transit, infrastructure, affordable housing, climate change and ESG. (30 minutes)

The new credit received a triple-A from Fitch Ratings and a AA+ from S&P Global.

MTA finance director Pat McCoy said issuers need to ask if they are prepared to deal with the requirements attached to federal money.

Panelists discuss the implications of working from home in a hybrid manner, rising crime and falling mass transit ridership, vulnerable revenue sources and the lack of affordable housing at a New York Fed event.

Davey will oversee operations for the city’s subways, buses, paratransit services and the Staten Island Railway.

The Volcker Alliance looks at the state’s outstanding municipal bonds and $83 billion in other obligations and suggests improved transparency and oversight.

As the MTA works toward a post-pandemic future, Kevin Willens, formerly co-head of public finance at Goldman Sachs, becomes its chief financial officer.

The latest round of federal aid is not enough to move the needle over the long term.

The window of opportunity is open thanks to new projects, new state and city leadership, emerging projects and better systems to benefit travelers.