MTA Warns of Debt Costs Eating Into Spending Without More NY Aid.

The Metropolitan Transportation Authority (MTA) is facing potential budget strains due to increasing debt costs, which could impact its operating budget and credit ratings. The agency's capital budgets will require new funding sources for station renovations, signal upgrades, and expansion projects. Governor Kathy Hochul's delay of congestion pricing in Manhattan has added to the MTA's financial challenges, prompting the need for alternative funding solutions. Despite these concerns, MTA bonds have remained steady, reflecting confidence in the transit system's importance to the New York economy. [Extracted from the article]