Reported 11 months ago
The Metropolitan Transportation Authority (MTA) in New York City is facing financial strain on its operating budget after Governor Kathy Hochul paused a congestion pricing plan. This pause has led to a $15 billion deficit in its multi-year capital program, requiring the MTA to consider tapping into its operating budget. Revenue collections are struggling while operating costs are rising, prompting the need for adjustments and potential early issuance of debt, impacting the agency's $19.3 billion operating budget.
Source: YAHOO