New York’s Metropolitan Transportation Authority is on stronger financial footing than seven months ago with an unanticipated $1.9 billion cushion for its financial plan period, according to New York State Comptroller Thomas DiNapoli.

But DiNapoli on Friday urged the agency that runs the New York City subway system, commuter rail lines and bridges and tunnels to considering lowering the size of the next planned fare and toll hikes.

Full story to follow.


Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.