Refunding the MTA's Debt: The Importance of Getting it Right

May 07, 2012
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The MTA has $32 billion in long-term debt outstanding – more than 41 states and more than $14,000 for each worker commuting daily into New York’s central business district. That is an impressively large sum, but public authority debt is not inherently a bad thing. Nonetheless, debt has become a problem for the MTA because its revenues are not keeping pace with its debt obligations.

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