The Metropolitan Transportation Authority signaled last March that it would need billions of dollars to recover and a year later, the MTA now finds it needs more money to get back on track.
The American Rescue Plan signed by President Joe Biden included a $6.5 billion stimulus package for the MTA. Officials said this economic boost could not have come at a better time for the MTA, as the transit agency experiences an $8 billion budget deficit expected through 2024.
Now, the MTA board is optimistic that with the federal funding and the hope riders will soon return, this financial…
Senior Journalism Student at Stony Brook University on Long Island, New York.