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Financial Outlook for the Metropolitan Transportation Authority - October 2022

Over the last year, the fiscal position of the MTA has deteriorated, as transit ridership continued to lag at the low end of the authority’s projections. The MTA has two years to bring back riders and rebuild fare revenue before federal aid runs out. In the meantime, it must develop plans to cover budget gaps that start at $2.5 billion in 2025.

Focus on Identity Theft

 

You probably know or have heard about someone whose personal information was stolen to file false unemployment claims or credit card applications or to gain access to bank or social media accounts. The consequences of identity theft can be devastating for victims, ranging from having to rebuild a ruined credit history to having trouble renting an apartment or buying a home, obtaining a tax benefit or receiving a loan.

Comptroller's Oversight of State Contracts

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State Contract and Payment Actions in August

In August, the Office of the State Comptroller approved 1,555 contracts for state agencies and public authorities valued at $2.7 billion and approved more than 2 million payments worth nearly $10.3 billion.