MTA Finances
Ravitch Tax Plan Facing Resistance
As my readers know, I was not a fan of the payroll tax recommendation in the highly anticipated Ravitch Commission report. I outlined my reasons & will not rehash them again. The latest news on that front focused on the resistance towards the plan which has been building steadily of late especially from upstate regions. […]
How The MTA Fuels The Upstate Economy
Earlier this month, Tri-State Transportation Campaign Associate Director Veronica Vanterpool posted a must read entry about how the MTA helps fuel the upstate economy including regions they do not provide any service in. Here is a sneak peak: Not surprisingly, most of the debate over the MTA’s financial problems has occurred in the MTA’s 12-county […]
Questionable Citibank & MTA Bond Deal
Citibank’s name has been in the headlines quite often of late during this current economic recession. One of the reasons for this is the complaint filed by the Securities and Exchange Commission (SEC) against one of the company’s subsidiaries, Citigroup Global Markets. The complaint alleges that the company went through with marketing & bringing more […]
Elliot Passes On A Raise
Almost 7 months ago the New York Daily News revealed that MTA CEO/Executive Director Elliot Sander was approved for a $10,000 raise. Many transit advocates & bloggers (myself included) expressed outrage since the timing for one was completely ridiculous. Now fast forward to the present day & with the MTA’s finances in an even bigger […]
MTA Approves 2009 Doomsday Budget
One of most common phrases used of late on this blog & across many on the net was “Doomsday Budget”. The proposed 2009 budget was considered of the doomsday type due to the drastic fare increases & service cuts that would face riders starting in early 2009. Six days ago the MTA Board officially approved […]
