MTA May Avoid Fare Hike

Cataldo, Adam L.
May 2006
Bond Buyer;5/15/2006, Vol. 356 Issue 32381, p45
Trade Publication
The article reports on the financial operations of Metropolitan Transportation Authority (MTA) in New York. The agency is facing a long-term financial problem but could avoid a transit fare increase in 2007. According to reports MTA is projected to have a cash balance of 533 million dollars at the end of the of 2006, which is about 145 percent more than the originally projected 217 million dollars.


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