MTA Finances

MTA To Buy Grand Central Terminal

The other big news to come out of the MTA meetings on Tuesday was the agency announcing that it plans on purchasing Grand Central Terminal along with the Metro North’s Harlem & Hudson lines.  The total cost for these purchases is $35M & was approved by the financial committee & will be put to the […]

Manhattan DA Stops Prosecuting Farebeaters

Farebeaters aka turnstile jumpers in the NYC Subway are as old as the system itself. For years, when one was caught doing this illegal act, they were served a ticket to appear in court or pay a fine. However Manhattan DA Cyrus Vance wants to stop prosecuting farebeaters as it is a waste of time […]

MTA Chairman Clashes With State Senator

Long time readers know how much I hate political grandstanding. Tri-state area riders know full well how much of that goes on with elected officials who seem to always care about mass transit funding & issues when it gives them a chance to earn political brownie points. MTA Chairman Joseph Lhota is another one who […]

New Law Shines Light On MTA Finances

Gov. Cuomo recently signed a new law that will require the MTA to post its financial plans online for public review before the agency can call its board for a vote. While I appreciate the transparency of the measure, it does reek of the pot calling the kettle black considering the games his administration has […]

Cuomo Budget Has $65M Cut To MTA Funds

In a Daily News Exclusive, the exclusive budget revealed by Gov. Cuomo last month includes a well hidden cut of $65M in funding to the MTA. Dan Rivoli has more: The suffering subway, bus and rail system may have less money to move New Yorkers. A line tucked deep in Gov. Cuomo’s executive budget from […]