Metropolitan Transportation Authority November Financial Plan 2007-20101

November 29, 2006

MTA 2007 Proposed Budget

November Financial Plan 2007 – 2010

DJC

Metropolitan Transportation Authority November Financial Plan 2007-20102

July Financial PlanClosing Cash Balance After Policy and Gap-Closing Actions

($ in millions)

$711

$36

-$905-$1,137

-$1,488

-$2,000

-$1,500

-$1,000

-$500

$0

$500

$1,000

2006 2007 2008 2009 2010

Metropolitan Transportation Authority November Financial Plan 2007-20103

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 2007-20104

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 2007-20105

November Financial PlanClosing Cash Balance After Policy and Gap-Closing Actions

($ in millions)

$938

$272

-$805

-$1,465-$1,793

-$2,000

-$1,500

-$1,000

-$500

$0

$500

$1,000

2006 2007 2008 2009 2010

Metropolitan Transportation Authority November Financial Plan 2007-20106

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