The MTA leadership does not know how to manage money. They run the subway, buses, LIRR, MNRR and the tolls from many of the bridges and tunnels in NYC. Therefore, they make millions of dollars in revenue in addition to the billions of dollars they got from the federal government.
Yet, they are not being transparent with riders in regards to how they are spending the money, they are falling behind in all the projects including CBTC, purchasing new subway cars, SAS, etc and they have the nerve to complain that they are "broke" and looking for dumb excuses to raise the fares.