N.Y. MTA Picks Finance VP, OKs Reformed Budget Process

Braun, Martin Z.
May 2003
Bond Buyer;5/30/2003, Vol. 344 Issue 31646, p3
Trade Publication
New York's criticized Metropolitan Transportation Authority on May 29, 2003 appointed a former Morgan Stanley &. Co. executive to improve financial reporting and approved a budget procedure that would share more information about its finances earlier. Edward B. Dunn, a board member and existing chairman of the MTA's finance committee, was elected vice chairman for finance at the authority's monthly board meeting. Under the budget-reporting process adopted the MTA would introduce its budget in July 2003, update it in October, and seek comment from state, city, and county officials before finalizing the spending plan in December.


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