With the clock ticking toward its new fiscal year, the NFTA continues to study how to close a reported $5 million budget gap, something that, by law, it is required to do.
Democratic State Assemblyman Sean Ryan of Buffalo is proposing ways to help the Authority get over the hump, not only now, but over the long term.
To accomplish that, Ryan is willing to ruffle some feathers. One way to do that, he said, would be to suspend the mortgage tax waived by Erie County IDAs a few years ago.
Those revenues were destined for NFTA operations.