Report raises concerns about New York’s MTA's financial future

A report issued earlier this week by New York State Comptroller Thomas DiNapoli said that the Metropolitan Transportation Authority has avoided “fiscal disaster” from the COVID-19 pandemic. However, the state-run agency still faces a precarious future.

Federal aid helped keep the nation’s largest mass transit network viable as the coronavirus hammered the New York City region it serves. More federal funding – which would come from passage of the $3.5 trillion infrastructure bill – would help keep the MTA from going off the rails, DiNapoli said.