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MTA’s Growing Financial Gap | New York City News
The MTA is staring down a looming fiscal cliff, with projected deficits starting in 2027 and ballooning to nearly $900 million by 2030—far worse than anticipated. The real culprits? Skyrocketing healthcare costs for employees and retirees, which will more than double over the next decade, plus steep jumps in electricity and paratransit expenses. While a recent union deal added to the burden, MTA leaders say it’s not the main driver—these costs are tied to broader economic forces they can’t easily control. Meanwhile, fare revenue is lagging, growing at a snail’s pace compared to soaring…
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