Metropolitan Transportation Power.


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MTA 2006 Preparatory Spending plan July Money related Arrangement 2006 – 2009 DJC July 27, 2005 Metropolitan Transportation Power Where the Dollars Originate From Before Hole Shutting and Different Activities Where the Dollars Go Before Crevice Shutting and Different Activities
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Slide 1

MTA 2006 Preliminary Budget July Financial Plan 2006 – 2009 DJC July 27, 2005 Metropolitan Transportation Authority

Slide 2

Where the Dollars Come From Before Gap Closing and Other Actions

Slide 3

Where the Dollars Go Before Gap Closing and Other Actions

Slide 4

February Financial Plan Closing Cash Balance Before Gap Closing and Other Actions ($ in millions) The 2004 shutting parity has been balanced descending to $466 million to mirror the foundation of the $200 million Real Estate Stabilization Reserve.

Slide 5

July Financial Plan Baseline Before Gap Closing and Other Actions ($ in millions) The 2004 shutting parity has been balanced descending to $507 million to mirror the foundation of the $200 million Real Estate Stabilization Reserve.

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February versus July Plans Closing Cash Balances Before Gap Closing and Other Actions ($ in millions) 2004 2009 2005 2006 2008 2007

Slide 7

July Financial Plan Reasons for Baseline Net Improvements ($ in millions)

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Annual Real Estate Tax Collections February Financial Plan February Financial Plan These figures speak to gross accumulations. They do exclude the MRT-1 increment, and they don\'t reflect exchanges from MTA to rural records.

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Monthly Real Estate Tax Collections February Financial Plan Millions

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2005 Real Estate Tax Collections February versus July Financial Plan $996 $631 $606 $434 $421 $227 Jan - Dec Jan - June July - Dec These figures do exclude the MRT-1 rate increment. The lessening for the rural exchange assignment (net - $26 million change) is reflected in the yearly figure however not in the first and second a large portion of the year figures.

Slide 11

Annual Real Estate Tax Collections July Financial Plan July Financial Plan These figures speak to gross accumulations. They do exclude the MRT-1 increment, and they don\'t reflect exchanges from MTA to rural records.

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TUESDAY, JULY 26, 2005 “There is no indication of it closure whenever soon.” Joshua Shapiro, Chief US Economist, MFR Inc. “The longer air pockets are permitted to go unchecked the more difficult they are.” Stephen S. Insect, Chief Economist, Morgan Stanley

Slide 13

New State Revenues Changes Since February Plan ($ in millions)

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Debt Service Changes Since February Plan ($ in millions)

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Service & Cleaning Enhancements Funded By Recurring Debt Service Savings ($ in millions)

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2005 Security Measures Heightened MTA-Wide Security Costs in 2005: $10 million Enhanced Police Visibility NYPD, MTAPD and B&T BTO Increase in Subway Station Personnel At Prime Locations Trained in Evacuation Procedures Continued Employee and Customer Awareness Education e.g. “See Something, Say Something” and “Eyes and Ears”

Slide 17

Additional Agency Changes Since February Plan ($ in millions)

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Reductions in Agency Budgets July Financial Plan ($ in millions) 2007 PEGs $46 2006 PEGs $42 Baseline Re-Estimates $62 Baseline Re-Estimates $39 Total Savings: $81 Total Savings: $108

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Examples of Agency PEGs

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Examples of Agency PEGs (proceeded)

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Reinvestment Fund Proposed Amount: $481 million 2 Recommended Possible Uses: Platform Over the West Side Rail Yards to Support Mixed-Use Development Reduction in Pension Liabilities

Slide 22

July Financial Plan With Gap Closing and Other Actions ($ in millions) The 2004 shutting parity of $507 has been balanced descending to mirror the foundation of the $200 million Real Estate Stabilization Reserve.

Slide 23

July Financial Plan Closing Cash Balance After Gap Closing and Other Actions ($ in millions) * Includes extra 5% income increments in 2007 and 2009, predictable with earlier plans.

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