MTA Finances
Editorial: Slow Train To A Solvent Subway System
The state of financial peril that the Metropolitan Transportation Authority finds itself in is a topic opined on by many including yours truly. Today’s New York Daily News continues down that path with an editorial by Joshua Greenman: Right now it looks like there’s no light at the end of the fiscal tunnel for mass […]
MTA To Trim $40M From Project Budget
A few days ago, the MTA announced in a continued effort to trim their budget deficit, they would be cutting $40M from planned projects. Pete Donohue of the New York Daily News had more in this report: The MTA will cut $40 million in fat from its budget – chopping 141 projects after a take-no-prisoners […]
Editorial: Spare Charities From MTA Mobility Tax
If you have been a long term reader of this blog, a topic I have wrote about on many different occasions was the report released by the “Ravitch Commission” back in 2008. The report contained multiple suggestions for creating dedicated revenue streams for the cash strapped MTA. One of the suggestions came in the form […]
Clerks Call In 400+ Emergencies A Day
With most of the focus on service cuts stemming from the current budget woes of the MTA, one of the other angles in the situation that needs some attention is the cutting of token booth clerks. The amount of clerks being cut will be up to approximately 500. As one would expect, the potential loss […]
MTA Appoints New Chief Financial Officer
Early this morning, the MTA officially announced the hiring of a new Chief Financial Officer to replace Gary Dellaverson who retired in December. Here is a brief press release sent out by the MTA: The Metropolitan Transportation Authority (MTA) today announced the appointment of Robert E. Foran as Chief Financial Officer. Foran is one of […]
