November 23, 2024

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Watchdog warns of potential New York MTA budget gaps

1 min read
Watchdog warns of potential New York MTA budget gaps

New York’s Metropolitan Transportation Authority faces potential budget gaps that could widen to nearly $900 million in 2026, according to the Citizens Budget Commission.

The nonprofit think tank that analyzes state and city finances warns in a from rating agencies recently, including October’s S&P Global Ratings upgrade to AA-minus from BBB-plus on its transportation revenue bond credit.