DiNapoli: MTA Faces Worst Financial Crisis in History

Posted to Applied Web NY on Tue, 10/13/2020 - 10:25

The Metropolitan Transportation Authority (MTA) is facing the greatest crisis in its long history, with few viable options without federal funding to avoid cuts in service and staff, additional fare hikes and long-lasting damage that could impair regional transit for decades, according to New York State Comptroller Thomas P. DiNapoli’s annual report on the MTA’s finances.