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Authority finance committee hears CFO: projects protected though trade, tariff risks raise uncertainty
Summary
At a May 8 finance committee meeting the authority's chief financial officer told members that conservative revenue assumptions, reserves and the investment portfolio leave the agency positioned to meet commitments, while project-delivery work and a Route 28 withdrawal free roughly $171.5 million for future PayGo allocations; staff flagged tariffs, global trade shifts and potential political pressure on the Fed as downside risks.
The authority's chief financial officer told the finance committee on May 8 that the agency is positioned to protect funding already committed to regional projects, even as global trade realignment, tariffs and uncertainty around Federal Reserve independence create short-term risk.
"The first word that comes to mind in talking about economics is uncertainty," the chief financial officer (CFO) said, framing an economic briefing for members. The CFO said staff are monitoring trade flows, treasury markets and transportation-sector indicators, citing recent revenue and operations signals from major logistics firms as early signs of broader economic shifts.
Why it matters: committee members pressed staff on whether a downturn or a shift in federal monetary policy could jeopardize the agency's ability to pay for approved projects. The…
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