The state expects to cut interest costs through the early repayment on the loan taken out through the Federal Reserve's emergency lending program to help pay down healthcare bills.
Debt, budget and ridership worries still vex New York MTA bondbuyer.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bondbuyer.com Daily Mail and Mail on Sunday newspapers.
NYMTA Adopts 2021 Budget Assuming Federal Relief Written by Marybeth Luczak, Executive Editor
“We are closely monitoring events in Washington and will revise the budget and prepare necessary actions, depending on what our federal leaders deliver,” MTA Chairman and CEO Patrick J. Foye said. “Congress should stay in session until passing a COVID relief bill that includes funding for public transportation.”
The New York Metropolitan Transportation Authority (MTA) Board on Dec. 16 agreed on a 2021 budget and 2021-24 financial plan that assumes federal relief will arrive despite Congress’ continuing debate on the next COVID-19 relief package. Officials said the budget assumes MTA will receive $4.5 billion as part of that package.
Pritzker orders more than $700 million in spending cuts bcrnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bcrnews.com Daily Mail and Mail on Sunday newspapers.