The office of New York Comptroller Thomas DiNapoli examined the finances of the MTA based on the authority's own books. It concluded the MTA finances were a bit better but "risks remain."
Some key findings include subway bus and railroad fares will go up in the next couple of years three times more than projected inflation.
The cost of employee overtime, health benefits, and pensions will be more than $2 billion by 2016 and the debt paid for MTA loans will be $3 billion a year by then.
The only comment from the MTA was a statement issued by Chairman Joe Lhota, who in part noted it was thoughtful and thorough.
The review noted that the MTA has reduced costs by cutting its administrative staff.
Monday, May 20 2013 5:58 AM EDT2013-05-20 09:58:10 GMT
The Connecticut Department of Transportation and Metro-North Railroad released the following information regarding service on the New Haven commuter rail line
The Connecticut Department of Transportation and Metro-North Railroad released the following information regarding service on the New Haven commuter rail line
Sunday, May 19 2013 8:05 PM EDT2013-05-20 00:05:54 GMT
Amtrak announced Sunday night that service remains suspended between New York and New Haven, with limited Amtrak service available between Boston and New Haven.
Amtrak announced Sunday night that service remains suspended between New York and New Haven, with limited Amtrak service available between Boston and New Haven.
Sunday, May 19 2013 3:14 PM EDT2013-05-19 19:14:07 GMT
Authorities say one person is dead and another was injured when the vehicle they were in ran off the road and crashed into Huntington harbor on Long Island Saturday evening.
Authorities say one person is dead and another was injured when the vehicle they were in ran off the road and crashed into Huntington harbor on Long Island Saturday evening.
Sunday, May 19 2013 12:24 AM EDT2013-05-19 04:24:33 GMT
Officials in Connecticut say it was amazing that there were no fatalities or more injuries after two Metro-North trains collided around 6 p.m. in Fairfield Friday evening.
Officials in Connecticut say it was amazing that there were no fatalities or more injuries after two Metro-North trains collided around 6 p.m. in Fairfield Friday evening.
Friday, May 17 2013 9:35 AM EDT2013-05-17 13:35:33 GMT
Danbury's police chief says four officers have violated the city's police rules governing rudeness and civility during a routine traffic stop and that the matter has been referred to state prosecutors.
Danbury's police chief says four officers have violated the city's police rules governing rudeness and civility during a routine traffic stop and that the matter has been referred to state prosecutors.
Friday, May 17 2013 7:05 AM EDT2013-05-17 11:05:50 GMT
Thirty-seven claims have been filed in federal court in Newark over the crash of a commuter ferry in New York City that left dozens of passengers injured.
Thirty-seven claims have been filed in federal court in Newark over the crash of a commuter ferry in New York City that left dozens of passengers injured.
