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MTA Bailed Out: Metropolitan Transit Authority to Receive Four Billion in Federal Funding


 
Rockland commuters anxious about the fate of the Pascack Valley Line can rest easy. On Sunday night, Senator Chuck Schumer announced via Twitter that the latest Covid-19 relief bill will provide funds for the cash-strapped agency and allow the MTA to avoid the “devastating” budget cuts forecasted during their November board meeting. The MTA had previously warned that without any federal assistance, the organization would have to eliminate all rail service for commuters living on the western side of the Hudson River and lay off 9,000 employees.
Last week the MTA passed a 2021 operating budget that avoided those cuts but only under the assumption that they would receive a federal bailout. Now that that bailout has materialized the authority can officially rule out such drastic measures. ....

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