Capital budget shortfall could mean MTA toll, fare hikes

MTA shortfall could have riders paying more

State Comptroller Tom DiNapoli says the MTA could face a deficit of more than $12 billion for maintenance and improvements.

The MTA may have to raise train fares and bridge and tunnel tolls to make up for a $12 billion shortfall in its five-year capital budget.

State Comptroller Tom DiNapoli estimates the transit agency needs $27 million for new equipment and projects. DiNapoli also says the MTA may only be able to raise about half that amount in the next five years.

DiNapoli’s announcement is not sitting...

Content Preview This content is exclusive for Optimum, Time Warner®, Comcast®, customers with access to News 12.

Already registered or an Optimum customer?
Log in
Time Warner®, Comcast® or Service ElectricSM customer?
Create an account
Not a customer?


advertisement | advertise on News 12

advertisement | advertise on News 12

More News

The East End Check out fun things to do on the East End! Fall Fun 2015 Fall Fun 2015 Series Dog Days 2015 Dog Day Fridays