Bill > A07701

This bill establishes a fiscal monitor for the Metropolitan Transportation Authority (MTA) who will be appointed by the Governor for a five-year period to provide direct oversight of the MTA's fiscal policies and practices. The monitor will be a non-voting, ex-officio board member with experience in public finance, transportation, or public policy, and will not be an MTA employee or related to board members. The monitor's key duties include reviewing and analyzing the MTA's annual budget, financial plan, debt levels, procurement practices, and internal financial controls; making recommendations for improving financial management; monitoring compliance with financial regulations; and providing regular reports to the Governor, state legislature, and public. The monitor will be paid a fixed salary set by the Governor, reimbursed for expenses, and given full access to MTA documents and information systems. The state will cover the costs of implementing this oversight, and the act will automatically expire five years after taking effect, ensuring a temporary but comprehensive review of the MTA's financial operations.

Government Affairs

https://www.nysenate.gov/legislation/bills/2025/A7701