MTA board meets as operating budget expected to be in deficit in under 5 years

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MTA board meets as operating budget expected to be in deficit in under 5 years
BoardBudgetCongestion Pricing
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MTA officials cite an increase in fare evasion, which is draining operational costs, as well as declines in projected tax receipts and commercial mortgage taxes.

Wednesday, July 31, 2024 3:13PMThe MTA 's board is meeting Wednesday to discuss its operating budget, which is expected to be in a deficit in less than five years.

As for capital projects, Gov. Kathy Hochul said Tuesday she is still weighing alternative ways of raising cash to pay for $16.5 billion in infrastructure initially earmarked from congestion pricing revenue.

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