November Financial Plan 2006 – 2009 MTA 2006 Final Proposed Budget November Financial Plan 2006 – 2009 DJC November 16, 2005 1/18/2019 2:44 AM Metropolitan Transportation Authority

February vs. July Plans Closing Cash Balances Before Gap Closing and Other Actions ($ in millions) 2005 2006 2007 2008 2009 1/18/2019 2:44 AM

Three Main Drivers for Baseline Net Improvement from February Plan to July Plan ($ in millions) 1/18/2019 2:44 AM

Non-Recurring Portion of the 2005 Surplus ($ in millions) 1/18/2019 2:44 AM

July Financial Plan Closing Cash Balance After Gap Closing and Other Actions* ($ in millions) * Includes additional 5% revenue increases in 2007 and 2009, consistent with prior plans. 1/18/2019 2:44 AM

Update of Non-Recurring Funds ($ in millions) 1/18/2019 2:44 AM

2005 Monthly Real Estate Transaction 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. 1/18/2019 2:44 AM

November Financial Plan Reasons for Baseline Net Improvements ($ in millions) 1/18/2019 2:44 AM

Recommendations for 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) 1/18/2019 2:44 AM

November Financial Plan With Policy and Gap Closing Actions ($ in millions) 1/18/2019 2:44 AM

November Financial Plan Closing Cash Balance After Policy and Gap Closing Actions* ($ in millions) * Includes additional 5% revenue increases in 2007 and 2009, consistent with prior plans. 1/18/2019 2:44 AM