ALBANY—With exhausted relief and little fanfare, David Paterson and legislative leaders announced an agreement on a $2.26 billion bailout bill for the M.T.A. during a Red Room press conference this evening. It is expected to be passed by legislators tomorrow.
“This agreement will allow the M.T.A. to continue its critical infrastructure repair programs and will ensure also that they will be able to do that through 2011 unimpeded,” Paterson said. The plan is the product of months of negotiations and back-and-forth, but is based largely on a framework put forward by the State Senate last month. The bill will contain:
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