MTA Finances
MTA Statement Regarding Negotiations In Albany
Everyone from the leaders in Albany down to the riders themselves knows that time is ticking on finding solutions to starve off a “doomsday scenario“. With that in mind, representatives from the MTA, Gov. Patterson, the State Assembly & Senate continue to hold meetings to do just that. A short time ago, the MTA issued […]
State Democrats Question MTA’s Credibility
So the dreaded date of March 25th is just about 3 weeks away. This is the day that the MTA might vote to enact the “doomsday scenario” that would affect millions of riders throughout the tri-state area. The Ravitch Commission has recommended some proposals to help the MTA close its operating budget gap & create […]
Some Politicians Rally Against Sheldon’s Toll Proposal
When it comes to the who’s who of New York politics, State Assembly Speaker Sheldon Silver is in the top echelon. So when he proposes something, people listen. This is what happened a few days ago when he countered the Ravitch Commission’s toll plan with one of his own. Now fast forward to yesterday when […]
Silver Comes Up With His Own Toll Proposal
The Ravitch Commission recommendations came out a few months ago & ever since then, the talk has been about what will or will not get approved in Albany. The proposal that has received the most press is the tolling of the East River Bridges. Throughout history if you even hinted at the thought of doing […]
MTA Deficit Could Rise By $650 Million
As the deadline draws closer to the MTA possibly enacting the doomsday scenario, & they try to convince Albany for the money they need, news comes out that their deficit could rise by $650 million. William Neuman of the New York Times has more in this report: Plummeting tax and fare revenues that have been […]
