DiNapoli audit chides MTA's cash management
GalleriesLIRR trains and commuters through the years Out-of-service escalators at LIRR stations LIRR communications center
ALBANY -- The MTA let millions of dollars sit idle in bank accounts rather than boost investments or pay costs, according to an audit released Wednesday.
State Comptroller Thomas P. DiNapoli chided the Metropolitan Transportation Authority for not consolidating $90 million held in separate funds, saying it did a "poor job of managing its cash-on-hand." The audit came just weeks before the...