MTA Finances
The Battle Rages On….
The battle between drivers & mass transit users has raged on for ages & will continue to do so long after I’m gone. In what can be classified as round (enter any ridiculously high number here), the fate of our transit system might depend on the benefits aimed towards drivers. William Neuman has more in […]
MTA Workers Fearing For Their Jobs
One of the biggest positives that draws people to the MTA’s blue collar employment ranks is the job stability & benefits that one receives. However that sentiment will change for a few thousand employees who face the prospects of being jobless if the “doomsday scenario” goes into effect. While the main coverage of the budget […]
Moody’s: The MTA’s Bond Rating Might Be Downgraded
The last time I blogged about MTA bonds was in February when a deal between Citigroup Global Markets & the MTA was questioned. Once again MTA bonds have made headlines as Moody’s Investors Services warned that the MTA’s bond rating could be downgraded. William Neuman of the New York Times has more: Adding a new […]
MTA Says Doomsday Scenario Can Be Avoided
Since this past Wednesday when the MTA Board approved to enact the “doomsday scenario” budget, many transit advocates & riders have expressed their frustration with the skyrocketing costs & service cuts. While the prospects of reversing seem low, the MTA says it is possible to do just that. Pete Donohue of the New York Daily […]
MTA Approves Doomsday Scenario Budget
The voting result was virtually academic after Monday’s MTA Finance Committee meeting. However to make it official, the MTA Board approved the enactment of their “doomsday scenario” budget. Unless a reversal of fortune occurs in Albany, millions of riders will have to prepare to pay a lot more for a lot less. I had every […]
