Proposition 2 - Transportation Bond Act
 

How'd you vote on the $2.9Billion Bond Act?

The MTA has 1 Billion of its own sitting there they will waste on these holiday discounts. Why allow the state to take a 2 billion loan out and give half that to the MTA, when the MTA just wated there money

You think maybe the MTA did this to make sure that they were not in the black and that they would not have to deal with labor unions demanding higher wages and benefits?

The MTA is bad, but sometimes having money on the table is not a good thing....especially in government/public service.

Transportation Funding Is Approved As One Of Three Ballot Measures

November 09, 2005

New York City voters approved three ballot initiatives Tuesday, including a bond act that could jumpstart the stagnant Second Avenue Subway project.

Voters approved State Proposition 2, which will authorize $2.9 billion in bonds to help pay for transit projects across the state. It includes some $900 million in funds to restart construction on the city's Second Avenue Subway, and provide East Side access for the Long Island Rail Road.

The measure passed by a margin of 57 percent to 43 percent.

Voters also rejected State Proposition 1, which means the governor will keep his extensive power in the budget process.

In city initiatives, voters approved Proposition 3, which directs the mayor to write up a code of ethics for administrative judges and hearing officers. The measure was approved 79 percent to 21 percent.

Voters also approved Proposition 4, making permanent some of the provisions of the state Financial Emergency Act, which was enacted during the 1975 fiscal crisis.

The initiative was approved 77 percent to 23 percent.