The
Metropolitan Transportation Authority (MTA) today released its Final
Proposed 2014 Budget and Four-Year Financial Plan. The plan includes the
addition of new cost reduction measures and recognizes favorable
operating results and tax revenue re-estimates that have taken place
since the preliminary budget was released in July. The MTA expects that
the combination of increased cost cutting, lower expenses and higher
operating revenues will allow the agency to reduce by almost half the
previously projected fare and toll increases scheduled for 2015 and
2017.Continue Reading...
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