The Metropolitan Transportation Authority could bolster its case for much-needed new streams of revenue with more transparency around its budget and debt service, watchdog group Reinvent Albany argues in a new report.
The MTA is facing down a looming post-pandemic fiscal crisis in the coming years: authority brass have been sounding the alarm that with stagnant ridership, and federal pandemic relief funds expected to run out, the agency will not be able to plug a multi-billion dollar deficit without new dedicated funding.
