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KeystoneRegional

Comptroller Says MTA on Right Fiscal Track.

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Photo from Getty Images.

 

NBC New York (Channel 4///WNBC) - "

State Comptroller Thomas DiNapoli reports that the Metropolitan Transportation Authority is on the right track fiscally after years of crises that forced fare and toll increases.

 

 

 

 

But he says those increases are scheduled to rise at three times the inflation rate, hurting commuters in New York City and its suburbs.

 

 

 

 

DiNapoli says Tuesday the MTA is also facing other fiscal hurdles. Among them is a legal challenge to the payroll tax that's keeping the transit system operating and the slow economic recovery that's curbing ridership and revenue.

 

He says the MTA's financial plan calls for fares and tolls to rise 7 percent next year and by another 7 percent in 2015.

 

If approved, the fares and tolls will have risen 35 percent since 2007."

 

 

 

 

 

 

Edited by KeystoneRegional

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