NY MTA Borrowing To Hit US$ 60 Billion By 2028

Posted on 05/15/2024

The Metropolitan Transportation Authority (MTA) is a public benefit corporation responsible for public transportation in the New York City metropolitan area. In looking at the situation, Comptroller Thomas P. DiNapoli has some distressing news. The MTA’s total outstanding debt is expected to rise from US$ 42.4 billion in 2023 to US$ 59.9 billion in 2028.…

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