April 28, 2020

NYRIC_logo.pngLICA Supports NYRIC’s Call For More MTA Funding

Late last week, the New York Roadway and Infrastructure Coalition (NYRIC) sent a letter to congressional leaders requesting that Congress consider legislation that would include an additional $3.9 billion for the MTA, to help them stem the tide of rising financial losses which they have experienced due to the coronavirus pandemic. Although the recently approved CARES Act secured nearly $4 billion in federal transit aid for the MTA, the impact to their operating budget has worsened exponentially in just the last few weeks and a recent economic study by McKinsey & Company now projects the full 2020 financial impact for the MTA to range between $7.0 and $8.5 billion. LICA has sent its own letter to show support for NYRIC’s request.

 

 

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