Fitch Downgrades MTA Debt ? Interest Payments May Eat More of Your Fare

More and more of the MTA's budget, which is growing overall, is going to paying for its debt service every year. Image: RPA/ESTA.
Yesterday, we reported on the MTA’s ever-mounting debt load. By 2014, a new analysis from the Regional Plan Association found, debt service could be taking up a full 23 percent of the agency’s [...]

Source: http://www.streetsblog.org/2011/09/08/fitch-downgrades-mta-debt-interest-payments-may-eat-more-of-your-fare/

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