Metropolitan Transportation Authority November Financial Plan November 29, 2006 MTA 2007 Proposed Budget November Financial Plan 2007 – 2010 DJC

Metropolitan Transportation Authority November Financial Plan July Financial Plan Closing Cash Balance After Policy and Gap-Closing Actions ($ in millions)

Metropolitan Transportation Authority November Financial Plan Changes to the Baseline Real Estate Tax Revenue Projections Re-estimated $1.0 billion more over Plan period: 2006$176 million 2007$201 million 2008$214 million 2009$233 million 2010$249 million Eliminate Proposed 5% Fare and Toll Yield Increases for 2007 and 2009 $1.3 billion less over Plan period Cancel Subway and Bus Off-Peak Service Adjustments $175 million less over Plan period

Metropolitan Transportation Authority November Financial Plan New Initiatives Enhanced Emergency Preparedness Training for Operating Personnel $25 million over 4 years based on Kroll Associates recommendation Capital Program Security Contingencies, Including MTA Police Radios Additional $50 million for a total of $150 million Additional Contribution to GASB Fund Additional $80 million for a total of $577 million NYCT Subway Station Painting 118 Stations (12 per year) funded through Capital Program $9 million annually from Operating Budget for remaining 350 stations over 10 years $52 Million from Stuyvesant Town / Peter Cooper Village sale will fund 200 of the remaining 350 stations

Metropolitan Transportation Authority November Financial Plan November Financial Plan Closing Cash Balance After Policy and Gap-Closing Actions ($ in millions)

Metropolitan Transportation Authority November Financial Plan Need to Address Out-Year Deficits Increased Savings Expected from Shared Services and MTA Reorganization $55 million per year by end of Plan period $81 Million to Cover One-Time Costs Associated with Downsizing