NEW YORK CITY-The Metropolitan Transportation Authority’s board voted unanimously Wednesday morning to close a $383-million budget gap with service cuts. If implemented beginning next June, the cuts would include reducing or eliminating subway and bus lines, as well as phasing out discounted fares for students in 2010 and 2011. The MTA will hold public hearings before implementing the cuts.

When the proposed budget was presented at a Monday meeting of MTA’s finance committee, Manhattan borough president Scott Stringer called it “inexcusable” that the agency was planning to eliminate the fare discount for students. The New York Times quoted Andrew Albert, chair of the New York Transit Riders Council, as saying it was “a complete failure of government” that the MTA–and riders–should face this predicament.

Along with wiping two subway lines and several bus lines off the transit map, the MTA will reduce late-night and weekend service and reduce payroll expenses by 10%. The MTA blames several factors including a $143-million shortfall in tax revenues from the state and a state Supreme Court judge’s decision that the agency must honor $91 million worth of raises for unionized employees.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.