Bill > S00204

This bill establishes a fiscal monitor for the Metropolitan Transportation Authority (MTA) for a five-year period, with comprehensive oversight and analytical responsibilities. The governor will appoint a qualified individual with expertise in public finance, transportation, or related fields who will serve as a non-voting ex-officio member of the MTA board. The monitor will have broad access to MTA documents and meetings, with duties including reviewing the annual budget, analyzing financial plans, evaluating debt management practices, assessing procurement processes, monitoring internal controls, and ensuring regulatory compliance. The monitor will be paid a fixed salary set by the governor, reimbursed for expenses, and required to provide regular reports to the governor, state legislature, and public about the MTA's financial performance. Importantly, the monitor cannot be an MTA employee or related to board members, ensuring an independent perspective. The bill is designed to enhance transparency, accountability, and financial sustainability of the MTA, with the monitoring provisions automatically expiring after five years. The costs of implementing this oversight will be covered by state appropriation, emphasizing the state's commitment to fiscal responsibility in public transportation management.

Government Affairs, Transportation and Infrastructure

https://www.nysenate.gov/legislation/bills/2025/S204