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Sander: Draconian Budget Comes in March, Unless

NEW YORK CITY-The MTA's executive director warns about the upcoming costs and deficits associated with the city's plans.

By Cody Lyon | Updated on January 30, 2009

NEW YORK CITY-Metropolitan Transportation Authority (MTA) executive director and CEO Elliot G. Sander told a New York Building Congress membership meeting that it truly was crunch time for the MTA. Sander spoke to the group at its annual luncheon on the 36th floor ballroom at the Mandarin Oriental this past Thursday. While speaking, he reiterated that the MTA faces a $1-billion-plus budget gap.

Sander told the packed house that if the state legislature doesn’t act on what’s being called the Ravitch plan–recommendations by a commission headed by former MTA chair Richard Ravitch–that draconian measures would ensue. There will be fare increases of 25% to 30% along with massive service cuts. With that, he implored the room to lobby legislative support in Albany.

The Ravitch commission settled on a solution that includes a one third of 1% payroll tax on New York City employees, as well as those workers in other counties served by the MTA. The plan also recommends tolls on the East River and Harlem bridges. Minus the tolls, the plan appears to be gaining increasing support among state Senate Democrats.

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