East Farmingdale, NY- New York State Comptroller Thomas Dinapoli said Tuesday that the MTA’s debt could reach $57 billion dollars by the year 2030. According to a press release about the state’s annual report, “despite unprecedented federal aid and better-than-expected state tax revenues, the (MTA) continues to use borrowing techniques that push difficult financial decisions into the future and could leave less money to pay for services“. Dinaoli’s office also added that the transportation authority’s budget problems, pre-date the pandemic.
-By Brett Levine
Photo: Passengers exit the station as Desmond Hill, Friday, Aug. 13, 2021, in New York. (AP Photo/John Minchillo)