Profit - USA - M.T.A. Expands Its Surplus
Estimate for the Third Time This Year, to $1.04 Billion
NY,USA -The New York Times, by SEWELL CHAN -Nov 17, 2005: -- In February, it was $76 million. In July, it ballooned to $833 million. Yesterday, the Metropolitan Transportation Authority announced its third - and, it hopes, final - estimate for the size of its surplus this year: $1.044 billion... The wide variation in budget predictions vividly illustrates how the authority seems to lurch unpredictably between dire insolvency and sudden windfalls... The authority does not expect its good fortune - soaring proceeds from real estate taxes and unusually low interest rates - to last. It anticipates a net deficit of $152 million in 2007, rising to $934 million in 2009, and that projection assumes fare and toll increases in both years...
posted by Unknown @ 12:48 PM
0 Comments:
Post a Comment
Subscribe to Post Comments [Atom]
<< Home