The state comptroller warns the MTA will face an annual budget shortfall of nearly $900 million by 2030 as costs outpace revenue.
The state comptroller says the Metropolitan Transportation Authority is on course for an annual budget deficit that will near $900 million by 2030, as the agency's expenses are rising faster than its income.
Even as the cash-strapped transit system keeps raising fares and adding fees, the financial gap continues to widen.
Commuters and taxpayers in the region could see higher fares and reduced services as the MTA struggles to cover the growing deficit.
The deficit is projected to occur by 2030, according to the state comptroller.
The agency's bills are growing faster than its revenues, even as it continues to increase fares and fees.
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