MTA Finances
Sneak Peek At The Ravitch Commission Proposals
As we all know by now the MTA is in a deep financial crisis. The budget deficit continues to grow with each passing day & some wonder when we will see the light at the end of the tunnel. Many people are pinning their hopes on proposals from the 12 deep Ravitch Commission. The commission [...]
NYC Comptroller Proposes Plan To Help The MTA
Yesterday afternoon New York City Comptroller William C. Thompson Jr. held a press conference outside of Grand Central Terminal. During the press conference he proposed an idea to help the MTA raise money. The proposal calls for raising the automobile registration fees of drivers who reside in the 12 counties that the MTA serves. According [...]
Specific Details Of The Proposed Fare Increases & Service Cuts
In the entry just below this one, I wrote my feelings on the entire MTA Board meeting & subsequent media session. While I was writing that entry, the MTA issued a press release via e-mail with more specific details which I posted some of. Here is the complete release:
The Metropolitan Transportation Authority (MTA) today released [...]
MTA Lays Out The Pain We Might Soon Embrace
The day has finally arrived in which the MTA Board would be presented with budget proposals to help trim an over $1 billion dollar budget deficit. These proposals included an even bigger fare increase then originally planned along with job losses & service cuts. Details of these proposals began to leak over the last few [...]
MTA Worries About How It Will Fund The Next Capital Plan
Amidst all the talk of budget deficits & probable service cuts, one huge issue is overlooked by the general public. What issue might that be? The next 5 year “Capital Plan” which is the separate budget that pays for things such as construction, maintenance, & new equipment. As of right now, the huge operating budget [...]
MTA Might Look To Increase Fare & Toll Revenue By 23%
Will the W seen here departing the 36th Ave station on its way to Astoria-Ditmars Blvd turn into a thing of the past? Resized photo courtesy of Eye On Transit.
Yesterday afternoon I wrote about the huge service cuts bombshell provided by New York Daily News reporter Pete Donohue. The bombshell included specific details of some [...]
NYC Councilman John Liu Wants Federal Bailout For The MTA
While browsing the net late last night, I decided to visit StreetsBlog to see what I might have missed on the transportation front. After scrolling down the page, I found an article by Brad Aaron which talks about how NYC Councilman John Liu wants a federal bailout for the MTA. Mr. Liu made his feelings [...]
MTA’s Doomsday Scenario?
As you know by now, the MTA is facing a huge budget deficit. The deficit seems to get bigger everytime you look. The prospects look so bleak that talk of actual service cuts has surfaced. The last thing our system needs is service cuts when ridership is at a very high level & will continue [...]
