The Board meeting covered various presentations including a mid-year forecast, preliminary budget, and financial plans. Key actions included approvals for labor agreements, design-build service contracts for flood mitigation at the West Side Yard, ADA improvements at Floral Park and Bellerose stations, and station renewals at 3rd Ave-138th St and Brook Ave stations. The board also approved contract modifications for the RFK Bridge structural rehabilitation and ratified task order revisions and contract modifications regarding Communications Based Train Control (CBTC) systems for various transit lines.
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The committee reviewed the 2026 work plan, 2025 management letter reports, and the 2025 single audit. Key discussion topics included the management review of pension plan audits, review of various MTA pension plans, the MTA Inspector General's office review, and the quarterly financial statements for the first quarter of 2026. Additionally, the committee received updates on enterprise risk management, ethics and compliance programs, financial interest reports, open audit recommendations, and the status of the 2026 audit plan.
The meeting included reports on MTA service restoration following labor negotiations, electrical fire incident response at Penn Station, and updates on federal funding and accessibility milestones. The board reviewed operational performance for the Long Island Rail Road, Metro-North Railroad, and New York City Transit, as well as capital program updates regarding station construction and procurement activities. Financial discussions covered the 2026 Annual Report for the First Mutual Transportation Assurance Company, 2025 consolidated financial statements, and the authorization of various procurement contracts including actuarial consulting services and fleet maintenance management. Additionally, the Board reviewed and approved several agency policies, including procurement guidelines, code of ethics, and the whistleblower policy.
Jun 22, 2026·Board meeting
Joint Metro-North And Long Island Committees Meeting
The meeting featured administrative, financial, and operational reports for the Metro-North and Long Island Railroads, including work plans, key performance metrics, and safety reports. Discussion topics included updates on service restoration following labor disruptions, electrical fire incidents, federal funding, and accessibility project milestones. Procurement actions were approved for clean diesel bus purchases and capital project contracts. Additionally, the meeting addressed real estate matters, corporate governance guidelines, and a comprehensive review of the 2025 consolidated financial statements, including investment compliance and audit committee recommendations.
