MTA Finances
Some MTA Executives Receive Better Health Care
Earlier today, Pete Donohue of the New York Daily News broke the story of how some MTA Executives receive better health care than some of their peers & blue collar workers. Here is a sample of his report: Nice perk if you can get it. Three MTA divisions will pay up to $600,000 over five […]
CVS Reimburses The MTA
Late Monday afternoon, the New York Daily News broke the story of CVS reimbursing the MTA almost $1M due to the company overcharging the transit agency for prescription drugs provided to current workers & retirees. Pete Donohue has more: Drugstore giant CVS overcharged the MTA for prescription drugs provided to transit workers and retirees – […]
Bus Fuel Contract Update
Four days ago, I blogged about how the MTA will save money on their next bus fuel contract with longtime provider Sprague Energy Corporation. In that same entry, I alluded to the recent issue between the two parties due to the price gouging that appeared to be going on in the last contract. Towards the […]
MTA Will Save On Next Bus Fuel Contract
Back in September, I blogged about MTA NYC Transit being price gouged on their bus fuel contract with long time supplier Sprague Energy Corporation. The gouging occurred when the MTA saw its cost rise by approximately $26M which was triple what they had paid the previous year. These events led NYC Transit to request a […]
Legal Quirks Cost MTA Major Money
Over the years, the finances of the MTA have taken a hit from many different directions. The usual suspects are lower than expected tax revenue, cost overruns, etc…. However one of the other issues that hurt the MTA’s financial picture is the money dished out to lawsuit winners. The New York Daily News takes a […]
