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Triborough Bridge Authority
The Triborough Bridge and Tunnel Authority (TBTA), doing business as MTA Bridges and Tunnels, is an affiliate agency of the Metropolitan Transportation Authority that operates seven toll bridges and two tunnels in New York City. In terms of traffic volume, it is the largest bridge and tunnel toll agency in the United States, serving more than a million people each day and generating more than $1.9billion in toll revenue annually as of 2017. , its budget was $596 million, funded through taxes and fees. The Triborough Bridge and Tunnel Authority was founded in 1933 as the Triborough Bridge Authority (TBA). The agency was named after its first crossing, the Triborough Bridge. The Triborough Bridge Authority was reorganized as the Triborough Bridge and Tunnel Authority in 1946, and subsequently began using the name MTA Bridges and Tunnels in 1994. In addition to operating all nine toll crossings located entirely within New York City, the TBTA also controlled several buildings such as ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
New York State Public-benefit Corporations
New York state public-benefit corporations and authorities operate like quasi-private corporations, with boards of directors appointed by elected officials, overseeing both publicly operated and privately operated systems. Public-benefit nonprofit corporations share characteristics with government agencies, but they are exempt from many state and local regulations. Of particular importance, they can issue their own debt, allowing them to bypass limits on state debt contained in the New York State Constitution. This allows public authorities to make potentially risky capital and infrastructure investments without directly putting the credit of New York State or its municipalities on the line. As a result, public authorities have become widely used for financing public works, and they are now responsible for more than 90% of the state's debt. The growing influence of public authorities over state and local financing, coupled with their ability to avoid regulations applicable to gover ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
