Today’s Headlines

  • TLC Preparing Two Pilot Programs for Cab Ride Sharing (NYT, News, Post)
  • MTA Board Chair, Interim CEO Both Angling for New Transit Chief Job (News)
  • Business Is Booming for Street Vendors Along Pedestrian Broadway (Post)
  • Sunset Park Car Owners Want Relaxed Alt-Side Parking Rules Too (News)
  • Vanderbilt Ave in Prospect Heights Will Get Summer Streets Treatment This June (Bklyn Paper)
  • Feds Approve Two New Transit Corridors for Houston (Transport Politic)
  • Matthew Modine: Cars Are the New Cigarettes (HuffPo via Carfree USA)
  • New Mapping Tool Lets You Compare Carbon Footprint of Different Locations (Sightline Daily)
  • Paul Krugman’s a Fan of the New Times Square (NYT)
  • Bank Robber Escapes on Getaway Bicycle (Bello Velo via Streetsblog.net)
  • Larry Littlefield

    Obama Administration: rise in energy taxes “not feasabile.”

    http://www.ft.com/cms/s/0/9f4df87e-4b02-11de-87c2-00144feabdc0.html?nclick_check=1

    Also soon to be found not feasible: univeral health care, a carbon tax. Later to be found not feasible, after the U.S. dollar plunges and interest rates soar — paying Social Security to younger generations when they get old.

    At least there is bipartisanship.

  • J. Mork

    http://www.brooklynpaper.com/stories/32/21/32_21_gk_permit_39th.html

    One of the biggest issues in Brownstone Brooklyn concerns a proposal to allow the city to charge for street parking in residential areas…

  • Larry Littlefield

    Someone pulled up something I had read earlier — the financial situation of New York State’s roads is no different from that of the MTA.

    http://www.nyfiscalwatch.com/?p=1199

    “New York State’s Dedicated Highway and Bridge Trust Fund (DHBTF) was created in 1992 to provide a sustainable source of financing for ongoing transportation maintenance needs. But since the mid-1990s, an increasing share of the fund’s revenues–principally fuel taxes and motor vehicle fees–has been used to cover debt service on transportation-related bonds, even as the dedicated fund was expanded to cover the operating expenses of the Department of Motor Vehicles and the regular snow-and-ice clearing operations of the Department of Transportation.”

    “This year, a little over half the DHBTF receipts will go to pay interest and principal on debt. By 2012-13, the debt service ratio will rise to an all-time high of nearly 73 percent, as illustrated in this chart from the state comptroller’s report on the 2009-10 enacted budget.”

    As for the MTA, the previously fiscally responsible Cuomo Administration started raiding the Transporation Trust Fund (and pulling similar moves) as desperation measures during the deep early 1990s recession and fiscal crisis. And then Pataki Administration just kept going, selling the future even when money flowed in during the 1990s boom. And here we are.

    The equalivant of “we have all this debt and now what about the Second Avenue Subway” is “we have all this debt and now what about the Tappen Zee Bridge.”