Capital budget shortfall could mean MTA toll, fare hikes

State Comptroller Tom DiNapoli says the MTA could

State Comptroller Tom DiNapoli says the MTA could face a deficit of more than $12 billion for maintenance and improvements. (July 25, 2014 5:58 PM)

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...

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