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MTA 2006 Final Proposed Budget November Financial Plan 2006 – 2009. DJC. November 16, 2005. Metropolitan Transportation Authority. February vs. July Plans Closing Cash Balances Before Gap Closing and Other Actions ($ in millions). 2009. 2005. 2006. 2008. 2007.

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Metropolitan Transportation Authority

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MTA 2006 Final Proposed Budget

November Financial Plan 2006 – 2009

DJC

November 16, 2005

Metropolitan TransportationAuthority


February vs. July PlansClosing Cash BalancesBefore Gap Closing and Other Actions($ in millions)

2009

2005

2006

2008

2007


Three Main Driversfor Baseline Net Improvementfrom February Plan to July Plan($ in millions)


Non-Recurring Portion of the 2005 Surplus ($ in millions)


July Financial PlanClosing Cash Balance After Gap Closing and Other Actions*($ in millions)

* Includes additional 5% revenue increases in 2007 and 2009, consistent with prior plans.


Update of Non-Recurring Funds ($ in millions)


2005 Monthly Real EstateTransaction Tax Receipts*

  • Includes State MRT and 90% of Urban Tax (excludes paratransit and CDOT portions). Additional 1/8% in MRT-1 rate is reflected in Mid-Year Update forecast and Actual beginning with July cash, but is not reflected in Adopted Budget forecast.


November Financial PlanReasons for Baseline Net Improvements($ in millions)


Recommendationsfor the Non-Recurring $700 million

  • Address Needs in MTA Capital Security Program ($100 million)

  • Provide Agency Service Enhancements

    ($50 million)

  • Provide Half Fare Initiative and Holiday Promotions ($50 million in 2005 / $50 million in 2006)

  • Reduce Unfunded Pension Liabilities

    ($450 million)


November Financial PlanWith Policy and Gap Closing Actions($ in millions)


November Financial PlanClosing Cash Balance After Policy and Gap Closing Actions*($ in millions)

* Includes additional 5% revenue increases in 2007 and 2009, consistent with prior plans.


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