. >> thank you, good morning, chairperson farrell and members of the committee, ed riskin from mta, i was here a month ago and gave you a preview where things have headed. things have largely stayed in place and report what happened on may 1, and happy to take questions with a presentation and can takes questions as you wish. to remind you the budget development process and everything we do is guided by our vision, goals and values, which are shown here on the slide. this is the framework in which we go about developing the budget, making operational decisions and policy decisions and of course budget decisions. this slide just shows some of the magnitude or the breadth of what the agency is responsible for, a lot of service and a lot of assets and parts of the transportation system that the voters have placed in our care. and that's what is being able to serve all of these needs, or what is driving our budget. i may have covered this last time, but it bears repeating in term s of muni, dh is the line share of the department and budget, this slide gives a picture of who we are serving