{"id":45412,"date":"2025-11-19T23:06:07","date_gmt":"2025-11-19T23:06:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/45412\/"},"modified":"2025-11-19T23:06:07","modified_gmt":"2025-11-19T23:06:07","slug":"nycs-transit-system-cuts-budget-gaps-with-operating-savings","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/45412\/","title":{"rendered":"NYC\u2019s Transit System Cuts Budget Gaps With Operating Savings"},"content":{"rendered":"<p class=\"ArticleBodyText_articleBodyContent__17wqE typography_articleBody__3UcBa\" data-component=\"paragraph\">New York City\u2019s transit network, the largest in the US, expects to shrink operating budget deficits by $418 million over three years by cutting expenses and with a potential rebound in real estate tax collections.<\/p>\n<p class=\"ArticleBodyText_articleBodyContent__17wqE typography_articleBody__3UcBa\" data-component=\"paragraph\">The state-run <a href=\"https:\/\/www.bloomberg.com\/quote\/13462Z:US\" target=\"_blank\" rel=\"noopener nofollow\" class=\"media-ui-Link_link-tVkXhPLPofs-\" data-component=\"link\">Metropolitan Transportation Authority<\/a> operates the city\u2019s subways, buses and commuter rail lines. It anticipates finding a combined $675 million of cost savings in the next four years in addition to the planned $500 million of yearly spending reductions the MTA is required to achieve, according to a budget update the agency released Wednesday at its monthly board meeting.<\/p>\n","protected":false},"excerpt":{"rendered":"New York City\u2019s transit network, the largest in the US, expects to shrink operating budget deficits by $418&hellip;\n","protected":false},"author":2,"featured_media":45413,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[25962,3339,25961,8060,11301,2423,25963,1722,9,24,56,63,65,64,1491,608],"class_list":["post-45412","post","type-post","status-publish","format-standard","has-post-thumbnail","category-new-york-city","tag-chief-financial-officer","tag-cities","tag-estate-tax","tag-federal-emergency-management-agency","tag-free","tag-janno-lieber","tag-long-island-rail-road-co-the","tag-markets","tag-new-york","tag-new-york-city","tag-ny","tag-nyc","tag-nyc-headlines","tag-nyc-news","tag-real-estate","tag-transportation"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/45412","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=45412"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/45412\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/45413"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=45412"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=45412"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=45412"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}