MTA Earns Props for Improving Its Financial Position, Recovering from Recession

The New York State Comptroller recently released a report that concludes, “The outlook for the Metropolitan Transportation Authority’s (MTA) budget has improved considerably over the past year thanks to the economic recovery as well as low energy costs and interest rates. . . .” The comptrollers’ announcement, which takes note of upcoming toll and fare hikes, adds that, “While the MTA still faces challenges, it has recovered from the recession and, to its credit, it has improved its financial position for the future. Because fares have soared in recent years, a time when many riders could least afford the hikes, the MTA should look for ways to minimize future increases.”