Recent Streetsblog NYC posts about Tom DiNapoli

DiNapoli: If Cuomo Borrows More for the MTA, Get Ready for Fat Fare Hikes

By Stephen Miller | Oct 21, 2014 | 13 Comments

Without a commitment from the state to close the $15.2 billion gap in the MTA’s capital program, the cost of a MetroCard is likely to spike as the MTA adds to its cumbersome debt load, according to a new report from Comptroller Tom DiNapoli [PDF]. The warning comes as Governor Andrew Cuomo and the legislature […]

Straphangers Will Be Asked to Shoulder MTA’s Growing Debt and Labor Costs

By Stephen Miller | Oct 3, 2012 | No Comments

A new report [PDF] from New York State Comptroller Thomas DiNapoli says that the MTA budget picture is slowly improving as tax collections and ridership increase with a recovering economy, but that won’t protect straphangers from big fare hikes. Revenues from the Payroll Mobility Tax and the more volatile tax on real estate transactions are […]

Albany Grabs Another $16.7 Million From MTA

By Noah Kazis | Oct 5, 2010 | 22 Comments

Last week, the MTA announced it lost another $16.7 million to an Albany raid [PDF]. Because of lower-than-expected federal assistance for Medicaid, Albany instituted an across-the-board budget sweep of 1.1 percent, cutting state spending and also siphoning off theoretically separate revenue streams dedicated to specific programs and agencies, like the MTA. It’s a reminder that the […]

DiNapoli’s Press Release Obscures Biggest Source of MTA Budget Woes

By Ben Fried and Noah Kazis | Sep 29, 2010 | 8 Comments

Earlier this week State Comptroller Tom DiNapoli came out with his latest report on the MTA’s troubled finances [PDF], and if you take a look at the numbers, the big takeaway is pretty stark. Without funding for the $9.9 billion hole in the agency’s capital program, MTA debt will soar even higher. If legislators don’t […]