Tom DiNapoli
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MTA Can’t Borrow Its Way Out Of Hochul’s Capital Plan Gaps: Comptroller
Forcing the MTA to fill its congestion pricing hole with borrowed money could mean a 16-percent fare hike down the line.
October 23, 2024
Comptroller: Thanks to Hochul’s Congestion Pricing ‘Pause,’ MTA Needs Up to $107B For Repairs
The gridlock governor is saddling the MTA with over $100 billion in capital needs, state Comptroller Tom DiNapoli says.
September 12, 2024
Albany Grabs Another $16.7 Million From MTA
Last week, the MTA announced it lost another $16.7 million to an Albany raid [PDF]. Because of lower-than-expected federal assistance for Medicaid, Albany instituted an across-the-board budget sweep of 1.1 percent, cutting state spending and also siphoning off theoretically separate revenue streams dedicated to specific programs and agencies, like the MTA. It's a reminder that the state's budget crisis is dragging the MTA and New York City transit riders down with it.
October 5, 2010