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NEWS from the Office of the New York State Comptroller
Contact: Press Office 518-474-4015

DiNapoli: MTA's Future Unthinkable Without Aid From Washington

August 26, 2020

New York State Comptroller Thomas P. DiNapoli released the following statement in response to the Metropolitan Transportation Authority's announcement of its plans for severe cuts and other measures, if it does not receive needed federal assistance:

“The MTA is facing an unprecedented challenge – a completely unforeseen revenue crisis that is no fault of its workers or commuters. The extreme measures outlined by the MTA this week underline the choices we face if funding is not forthcoming. Our essential workers and those least prepared to shoulder the burden will be asked to do the most.

“Despite these measures, it will still not be enough. Borrowing for operations will be necessary and push debt service costs to more than a quarter of every dollar of revenue.

“Washington must act. The MTA needs federal support to manage this crisis. The alternative is unthinkable. Without additional federal aid, the MTA is considering drastic cuts and fare hikes that won’t come near what it needs, and in fact will extend the problems we face, not solve them.  

“The MTA is the economic lifeblood of the NYC region. I am calling on our civic and business leaders to support our public officials and the New York State Congressional Delegation in order to pass legislation to provide the MTA with additional funding.”