Transportation

MTA Faces Potential $900 Million Budget Gap in 2026

Deficit could grow if cost-savings, casino revenue fall short
State officials have yet to award downstate casino licenses

Commuters enter a subway station in New York.
Photographer: Jeenah Moon/Bloomberg

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By Michelle Kaske

November 27, 2023 at 4:46 PM UTC

New York’s Metropolitan Transportation Authority faces potential budget gaps that could widen to nearly $900 million in 2026, according to the Citizens Budget Commission.

The nonprofit think tank that analyzes state and city finances warns in a report released Monday that the MTA’s promised cost-saving measures may fall short and revenue from yet-to-be-built casinos could be delayed. The MTA oversees the city’s subways, buses and commuter rail lines – the largest transit system in the US.