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MTA debt reduction plan not enough to avoid ‘fiscal cliff,’ says NY comptroller report

Por: New York Daily News Politics November 29, 2022

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ALBANY — The Metropolitan Transportation Authority’s plan to pay down debts won’t be enough to avoid massive budget gaps as ridership remains low and federal aid runs out, according to a new report released Tuesday by state Comptroller Tom DiNapoli. DiNapoli’s office analyzed the agency’s plan to reduce budget gaps through 2028 by an average of $915 million a year by paying down debt and found it raises questions about how the MTA will... + full article



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