Mobilizing the Region: "The Lockbox Bill (S.3837/ A.5084), sponsored by State Senator Martin Golden and Assemblyman James F. Brennan, unanimously passed both houses of the New York State legislature in June 2013. The bill helps to assure revenues dedicated to public transportation are spent on public transportation, not diverted to plug budgetary holes in the state’s general fund. The bill was introduced in response to the dramatic negative impacts to the economy after Governor David Paterson diverted $260 million of dedicated transit funds in 2010, at the height of the recession. This diversion contributed to the worst service cuts and fare hikes in recent memory, impacting transit riders, as well as employers and transit manufacturers across the state. This bill will protect the revenue streams of over 130 transit providers across the state."
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