The NYS comptroller released a report today showing New York fared well in the state-to-federal money exchange due to pandemic relief programs.
NYS Comptroller Tom DiNapoli warns that a budget crisis looms in the MTA’s future unless ridership increases faster than the agency predicts.to get news, updates, and local insights delivered straight to your inbox!
According DiNapoli’s report, this is the third year in a row that New York has had a positive balance of payments, after a long history of sending more money to Washington than it receives. “The response to the dire economic conditions brought on by the pandemic boosted federal aid for New York and all other states,” DiNapoli said.
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