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Metropolitan Transportation Authority

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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  1. MTA 2006 Final Proposed Budget November Financial Plan 2006 – 2009 DJC November 16, 2005 Metropolitan TransportationAuthority

  2. February vs. July PlansClosing Cash BalancesBefore Gap Closing and Other Actions($ in millions) 2009 2005 2006 2008 2007

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

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

  5. 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.

  6. Update of Non-Recurring Funds ($ in millions)

  7. 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.

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

  9. 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)

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

  11. 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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