Moody's positive on MTA finances
Moody's rating agency Monday gave the MTA a stable, positive outlook based on its improved financial situation and a cut in its deficit.
Last week, the MTA's November financial plan showed deficits for 2017 cut to $191 million from the $240 million shortfall forecast in July. There were increases in revenue from the farebox and tolls, as well as real estate taxes. Improved revenue expectations were coupled with savings from the MTA's debt service and pricey paratransit services. Still, Moody's warned that the agency could risk its finances without a "net-zero" labor agreement or the payroll mobility tax instituted in 2009.
Sarra Sounds Off, Ep.16: From Island to island, how football helped overcome tragedy Newsday's Gregg Sarra talks to Carey football player James McGrath about how he has persevered after losing his parents at a young age, and to the Lahainaluna (Hawaii) High School football coach about how his team persevered after the Maui wildfires of 2023, plus a behind-the-scenes look at the All-Long Island teams photo shoot.
Sarra Sounds Off, Ep.16: From Island to island, how football helped overcome tragedy Newsday's Gregg Sarra talks to Carey football player James McGrath about how he has persevered after losing his parents at a young age, and to the Lahainaluna (Hawaii) High School football coach about how his team persevered after the Maui wildfires of 2023, plus a behind-the-scenes look at the All-Long Island teams photo shoot.
