For New York MTA, a ‘Fiscal Tsunami’

Written by Marybeth Luczak, Executive Editor

The New York Metropolitan Transportation Authority outlined a “worst-case” 2021 spending plan at its Nov. 18 Board meeting. Proposed are service reductions of 40% across subways and buses, and of 50% across Long Island Rail Road (LIRR) and Metro-North Railroad (MNR), with layoffs of nearly 9,400. Also on continued pause: MTA’s $51.5 billion capital plan. The moves could go forward in absence of $12 billion in federal aid, MTA said.

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