MTA’s piling debt hobbles $51B effort to upgrade New York’s mass transit: comptroller

“The MTA’s mounting debts and devastated revenue make it unlikely that it can afford all the work it planned,” said DiNapoli. “The numbers just don’t add up. Either ridership and revenue must recover faster than the MTA expects, or the MTA must find new sources of income, or other financial support, to pay for additional debt service.”

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