MTA faces $900M budget hole by 2030 — despite cash-strapped agency continuing to hike fares, fees

Source: New York Post

The Metropolitan Transportation Authority is facing a $295 million budget deficit next year that could explode into a $900 million hole by 2030 — while the cash-strapped agency continues to hike fares and fees. The MTA is expecting to cover its $21. 9 billion budget this year but its bills are growing faster than its revenues, according to a recently released state comptroller report.