Albani – all on the debt train?
Cathy Hutchoul state, a victory over a restored service on the Rockaway train on Monday morning, is still ambiguous how MTA Flailt will connect a hole in the huge capital plan for five years.
Hochul admitted last week that a deal listed in government budget talks to finance most of the MTA record, which has been destroyed by a $ 68 billion capital plan, includes a $ 3 billion shortage, expecting the transportation agency to cover itself by reaching savings and issuing new debts.
“We have asked to reach MTA by $ 150 million of savings, which I know is able to, and that this money will lead to an additional $ 3 billion,” said Hochol.
With correspondents in the clouds, Hochul presented pictures and took place to the bikes on the train on Monday morning. Then she made some notes at a press conference alongside the other Pols and MTA chair Janno Lieber before leaving in the police SUV in the state, which removed it without questions.
The representative of Hashoul referred the post to comments from Lieber where he committed to discounts, but he did not clarify the logic behind taking additional debts.
“We challenged the legislature and the ruler to know how to do all the work that was programmed in a 68 billion dollar program and do so less and we accepted this challenge,” Leber said.
Al -Wikdagaj, like Rachel Foss, feels anxious that MTA may have to storm a precedent and benefit from its operational revenues from metro prices and other sources to finance multiple years of years under its huge capitalist plan.
“We do not know what the future hides to the economy and MTA, so the commitment to the use of long -term debt savings is risky,” said Fos.
She pointed out that this may lead to a high fare or discounts in service if there is an economic shrinkage, as I expected to Hashul itself.
“What you don't want is that MTA using operating revenues or taxis revenues to bonds if he is not forced, because this puts pressure on it and means less money for their operating budget,” said Fos.
Lieber recently said last week that he was committed to maintaining MTA debts in or less than 15 % of operating revenues.
“There are many ways in which we can achieve savings and efficiency that we talked about, but we have just started. So I do not want anyone to think that we are accumulating on borrowing,” Leber said.
Several post -legislators told that they were not shaved in MTA's plans as well.
Some have expressed similar concerns about linking operating revenues to the capital plan.
“In general, this is not a very good financial procedure,” David Webern (D-Yolz) told the De-Queens newspaper.
