The MTA faces growing projected budget gaps over the next four years amid ballooning health care and fuel costs that come as it struggles to regain the level of farebox revenue it enjoyed prior to the coronavirus pandemic, according the agency’s July budget update released on Wednesday.
MTA officials, during a presentation at the agency’s July board meeting, said that while the transit authority’s budget remains balanced in 2026, it is projected to go further and further into the red over the next four years. They also revealed that the agency’s 2027 preliminary budget stands at $22.8 billion.
