A budget watchdog group, calling the financing mechanisms of New York’s Metropolitan Transportation Authority “volatile and insufficient,” has proposed an alternative that it said would curb deficits.

In a report released Wednesday, the nonprofit Citizens Budget Commission suggested funding regular replacement needs with operating revenues rather than borrowing. It suggested a so-called 25-50-25 formula, in which riders pay about 50% of the operating costs of services while auto users and taxpayers each pay one-fourth.

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