As of 2015
[update], the MTA was running a $15 billion deficit in its $32 billion 2015–2019 Capital Plan.
[26] Without extra funding, many necessary construction and renovation projects would not be performed.
[27] In October 2015, the MTA passed the $29 billion 2015–2019 Capital Plan,
[28] the largest capital plan in MTA's history; it will be funded by federal, state and city government as well as riders' fares and tolls.
[29] Three months later, New York Governor
Andrew Cuomo and MTA chairman Thomas Prendergast unveiled their plan to spend $26 billion to modernize the subway network, which includes adding Wi-Fi and cellphone services throughout all 278 underground stations by the end of 2016. Other plans call for
making extensive renovations to 30 subway stations, allowing mobile ticketing by cellphone or bank cards, and adding security cameras on buses, charging stations for electronics, and more countdown clocks. Roughly $3 billion will be spent to improve bridges and tunnels.
[30][31]