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Precipitous Drops.pdf

040320COVIDUpdateSupp.pdf
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🔗 Source: web.mta.info
📊 Size: 60 KB
👤 Author: Hawkins Delafield & Wood LLP
⬇️ Downloads: 186

Summary

The Metropolitan Transportation Authority (MTA) issued an Annual Disclosure Statement Supplement on April 3, 2020, updating its previous disclosures regarding the impact of the COVID-19 pandemic on its financial condition and operating results. The supplement reports significant declines in MTA public transportation system ridership and fare revenues, as well as MTA Bridge and Tunnel crossing traffic and toll revenues, due to the pandemic. Ridership declines ranged from 18.65% to 91.83% for subways, buses, and commuter railroads, while tolled traffic counts declined by 9.26% to 65.18% through April 2, 2020. The MTA expects to continue providing updates on the pandemic's impact on its finances and operations.

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Description

The Metropolitan Transportation Authority (MTA) issued an Annual Disclosure Statement Supplement on April 3, 2020, updating its previous disclosures regarding...

Technical Information

  • File Format: PDF
  • File Size: 60 KB
  • Pages: 7
  • Language: EN
  • Author: Hawkins Delafield & Wood LLP
  • Total Downloads: 186
  • Last Updated: 3 weeks ago

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