MTA Finances
Local Official Says Don’t Bother Proposing East River Bridge Tolls
Last month, news came out about the Ravitch Commission possibly looking into proposing tolls on the East River Bridges. The news was met with harsh criticism by many including Brooklyn Borough President Marty Markowitz who said “East River tolls are discriminatory, impractical, and impose an unfair ‘tax’ on the outer boroughs—especially Brooklyn.” Now we can […]
Sneak Peek At The Ravitch Commission Proposals
As we all know by now the MTA is in a deep financial crisis. The budget deficit continues to grow with each passing day & some wonder when we will see the light at the end of the tunnel. Many people are pinning their hopes on proposals from the 12 deep Ravitch Commission. The commission […]
NYC Comptroller Proposes Plan To Help The MTA
Yesterday afternoon New York City Comptroller William C. Thompson Jr. held a press conference outside of Grand Central Terminal. During the press conference he proposed an idea to help the MTA raise money. The proposal calls for raising the automobile registration fees of drivers who reside in the 12 counties that the MTA serves. According […]
Specific Details Of The Proposed Fare Increases & Service Cuts
In the entry just below this one, I wrote my feelings on the entire MTA Board meeting & subsequent media session. While I was writing that entry, the MTA issued a press release via e-mail with more specific details which I posted some of. Here is the complete release: The Metropolitan Transportation Authority (MTA) today […]
MTA Lays Out The Pain We Might Soon Embrace
The day has finally arrived in which the MTA Board would be presented with budget proposals to help trim an over $1 billion dollar budget deficit. These proposals included an even bigger fare increase then originally planned along with job losses & service cuts. Details of these proposals began to leak over the last few […]
