In Wake of Accounting Scandal, MTA To Adopt New Reporting Prodedure

McDonald, Michael
May 2003
Bond Buyer;5/14/2003, Vol. 344 Issue 31635, p3
Trade Publication
New York's Metropolitan Transportation Authority (MTA) has announced drastic changes in its budget and financial reporting procedures. The independent state agency said it would adopt a four-year reporting process that would reflect the budget method used by New York City. The MTA would also post all financial and budgetary data on the MTA Web site for public inspection. MTA also plans to create an informal group of advisers made up of former New York City government officials.


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