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"There is a $2.66 billion capital program," he said.
This puts $3 billion into the capital program.
"There is a sophistication needed for managing a capital program of this magnitude that is lacking".
The Small Business Administration needs investors for its new early stage capital program.
The authority, it noted, had already cut $5 billion from its 10-year capital program.
Officials said that cost, spread out over nine years, was built into the department's capital program.
"The M.T.A. just proposed cutting a fifth of their core capital program," Mr. Russianoff said.
Chicago Housing Authority, $298.9 million of revenue bonds for capital program.
The transportation authority will also be releasing its proposed capital program for the next five years.
The fireworks of the day came during discussion of Metro's six-year capital program.
Officials say this has been mainly to manage the railroad's 10-year capital program.
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