Where Does Your Fare Go? Increasingly, To Pay Off MTA Debt

More and more of the MTA's budget, which is growing overall, is going to paying for its debt service every year. Image: RPA/ESTA.
In 2003, labor costs dominated the MTA’s budget sheets. Just under 73 percent of the transit agency’s operating budget, which pays for day-to-day spending but not system expansions or major repairs, went to [...]

Source: http://www.streetsblog.org/2011/09/07/where-does-your-fare-go-increasingly-to-pay-off-mta-debt/

Matthew Roy Kenseth Alan Dennis Kulwicki Travis Wade Kvapil Robert Allen Labonte Terrence Lee Labonte