DiNapoliMTAAudit_ALL_2011_09_29_Q, FILE-STAFF,TL,STAFF

$14B capital program will harm MTA operating budget: DiNapoli

Posted by Philip Newman in State Comptroller, Statewide Offices on September 29, 2011 | No Comments

State Comptroller Thomas DiNapoli said the MTA’s plan to borrow more than $14 billion could further imperil the agency’s financial straits. “The MTA is in a very difficult position as it struggles to hold together a strained operating budget while proposing the largest borrowing program in its history to fund capital projects,” DiNapoli said. In [...]