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> It’s not even as simple as that. 2009 Public Authorities Reform Act states that the MTA board is an independent body and should be making all decisions with t
by chimeracoder 2y ago
> It’s not even as simple as that. 2009 Public Authorities Reform Act states that the MTA board is an independent body and should be making all decisions with the MTA's fiscal responsibility its primary concern. It’s going to be really, really difficult to justify an 11th hour reversal that will leave the MTA in a financial pit. It’ll almost certainly lead to legal action.
They are legal fiduciaries, and they have been asked to vote to bankrupt the company for which they are fiduciaries.
It's very difficult to find a way to square that circle legally, which is why Hochul has started to claim that the board doesn't need to vote on this at all (which is an equally laughable claim).