The Metropolitan Transportation Authority (MTA) runs the world’s largest 24-hour transit system and has proposed a $32 billion capital budget to maintain and expand it through 2019.
NEW YORK—The New York City region transit system keeps the city running. When Sandy put the trains out of service, people felt immobile. When Long Island Railroad workers threatened to strike earlier this summer, state comptroller Thomas DiNapoli estimated a daily economic loss of $50 million.