Jonathan Rose Companies

MTA’s July Financial Plan forecasts approximately $50 million less in deficits for Fiscal Year 2027 and 2028, totaling $98 million. This is in addition to the $100 million announced in November, totaling $198 million less in deficits than this time last year, according to MTA. The projected deficit for Fiscal Year 2029 is $428 million. These funding shortfalls, MTA said, are in large part due trip growth in Paratransit. (Courtesy of MTA)

Transit Briefs: NYMTA, Denver RTD

The New York Metropolitan Transportation Authority (MTA) releases its July Financial Plan, showing balanced operating budgets for 2025 and 2026 and narrowed deficits in 2027 and 2028, and announces a TOD (transit-oriented development) project near Metro-North’s Beacon, N.Y., station. Also, Denver (Colo.) Regional Transportation District (RTD) authorizes a successor contract for two-thirds of its workforce.