MTA Faces Budget Woes: Real Estate Taxes Take From Harlem To The Hudson A Hit
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The Metropolitan Transportation Authority (MTA) is grappling with a substantial budget deficit projected to exceed $400 million for the years 2027 and 2028. This financial strain is primarily due to a combination of fare evasion and a sharp decline in real estate tax revenues, which have fallen short by nearly $790 million. Declining Revenues Impact…
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