New York City’s transit system faces a potential $432 million budget shortfall this year because the subway, bus and commuter rail operator may need to wait until 2026 to get reimbursed from federal money owed for cleaning costs during the Covid pandemic, according to a report from Thomas DiNapoli, the state’s comptroller.
The Metropolitan Transportation Authority, the largest transit provider in the US, has yet to receive $600 million in Federal Emergency Management Agency funds to cover additional cleaning expenses the MTA paid for during the pandemic. The transit agency included $300 million of FEMA funds in its ...
