Capital budget shortfall could mean MTA toll, fare hikes
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...