bonds

Board of Estimate approves Second Avenue bond vote

  • Source: "$500,000,000 VOTED FOR 2D AVE. SUBWAY BY ESTIMATE BOARD," The New York Times, September 14, 1951. link
  • Tags: bonds mta second-avenue todo

New York State Transportation Bond Act

  • Date: 2005
  • Provided $1.45 billion towards 2005-2009 MTA capital program from state (state assumes debt service….I think)
  • Source: mta
  • Source: "Voters Approve Transit Bonds for $2.9 Billion," The New York Times, November 9, 2005. link
  • Tags: bonds mta

Ronan pleads for 1971 state transportation bond issue

  • Date: October 5, 1971
  • It would fail at the ballot a month later
  • $2.5bil issue would be split $1.35bil for transit and $1.15bil for highways
    • A rarity to have transit amount greater than highways, and Ronan knew it
  • Ronan said new bond would be used to improve existing systems, since riders complained that 1967 bond showed little tangible benefits (spent mostly on Second Avenue Subway?)
  • Fare would go to 45 or 50 cents (from 30) if bond didn't pass
    • Isn't this mixing capital and operating expenses?
    • Yes, but some capital projects were already being paid out of farebox income
    • This was pre-capital program, so my details on all this are weak right now
  • Source: "Ronan Calls Bond-Issue Vote Key to Stable Subway Fares," The New York Times, October 5, 1971. link
  • Tags: bonds mta ronan

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