Financial Outlook for the New York City Metropolitan Transportation Authority (MTA)

Front Cover
Thomas P. DiNapoli
DIANE Publishing, 2011 - 8 pages
0 Reviews
This is a print on demand edition of a hard to find publication. The MTA has long suffered from a structural imbalance between recurring revenues and expenses. During the last economic expansion, rather than bringing spending in line with recurring resources, the MTA used tax windfalls from the expansion to mask the structural imbalance between recurring revenue and expenses, and to put off needed reforms. The current economic downturn has compounded the MTA┐s financial problems. The MTA┐s July 2010 financial plan shows an operating budget deficit of more than $1 billion for 2011. The budget deficit is expected to more than double by 2014. The MTA has outlined a gap-closing program that begins the process of changing how the MTA conducts business. Charts and tables.
 

What people are saying - Write a review

We haven't found any reviews in the usual places.

Selected pages

Common terms and phrases

Bibliographic information