East New York Posted October 22, 2010 Share #1 Posted October 22, 2010 Analysts Say It's Up To Next Gov To Avoid Crisis NEW YORK (CBS 2) – There's a grim outlook for the MTA this morning. According to the Daily News, transit riders are facing even bigger fare hikes and additional service cuts if the next governor of New York doesn’t increase funding. The paper said analysts from the Drum Major Institute for Public Policy are warning MTA debt payments are soaring – and that the next governor needs to come up with new sources of revenue to avoid a fiscal disaster. The MTA has already decided to raise subway, bus and commuter fares in January to help plug a nearly $900 million budget gap. http://newyork.cbslocal.com/2010/10/21/report-mta-debt-could-cause-fiscal-disaster/ Link to comment Share on other sites More sharing options...
Nova RTS 9147 Posted October 22, 2010 Share #2 Posted October 22, 2010 This is all moot since none of the candidates for governor (Except for the Green Party candidate who wont get elected) give a damn about the agency. It looks like Walder will be the last head of the . Link to comment Share on other sites More sharing options...
Pablo M 201 Posted October 22, 2010 Share #3 Posted October 22, 2010 The MTA has bigger problems on their hands if they can't resolve their financial problems themselves.... Link to comment Share on other sites More sharing options...
Nova RTS 9147 Posted October 22, 2010 Share #4 Posted October 22, 2010 The MTA has bigger problems on their hands if they can't resolve their financial problems themselves.... Like I said in another thread: I'm giving the another four years before the word "collapse" is used. Link to comment Share on other sites More sharing options...
Pablo M 201 Posted October 22, 2010 Share #5 Posted October 22, 2010 Like I said in another thread: I'm giving the another four years before the word "collapse" is used. Thats quite a while you gave them. I would say 2 years or less at the rate things are going.... Link to comment Share on other sites More sharing options...
LRG Posted October 22, 2010 Share #6 Posted October 22, 2010 Like I said in another thread: I'm giving the another four years before the word "collapse" is used. But the world may be over by then.... Link to comment Share on other sites More sharing options...
IRT Bronx Express Posted October 22, 2010 Share #7 Posted October 22, 2010 Elimination of all limited/express services, 30 minute headways for all rush houir services, fare increase to $2.75, etc... The MTA is done for. :tdown: Link to comment Share on other sites More sharing options...
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