Audit: MTA Has $1.9 Billion In ‘Unanticipated Resources’

ALBANY (AP) -

An audit of the MTA found the agency has $1.9 billion more in “unanticipated funds” than it did seven months ago. Comptroller Thomas DiNapoli said the MTA is planning on using the funds to improve service and maintenance, reduce projected budget gaps and help fund the next capital program.

He said while those goals were worthy, the MTA should also consider shrinking a planned 15-percent fare hike over three years. The audit also found tolls have risen faster than inflation over the past six years.