The State Senate’s MTA Financing Plan Doesn’t Add Up

4:50 PM EDT on March 17, 2009

Here's one little problem with the Kruger, Diaz, Espada, Monserrate MTA financing plan: They got the math wrong.

The State Senators (for convenience sake, let just refer to them "The Fare Hike Four" from now on) say they can satisfy the MTA's short-term financing needs with a four percent fare and toll hike and a small payroll tax increase. The MTA says that math doesn't work, according to Reuters:

The MTA's chairman, H. Dale Hemmerdinger, estimated theSenate plan would force the agency to raise fares and tolls by17 percent -- about four times more than the Senate calculated-- as it would only raise about $1 billion more.

I suppose it comes down to a question of who do you trust more with the numbers, Richard Ravitch or four venal, old pols in the nation's most dysfunctional state legislature? If that's a tough call for you, then it's probably worth noting that Ravitch spent considerably more time working out his financing plan than did The Fare Hike Four. As Kathy Wylde at the Parternship for New York City says:

The State Senate has had almost a year to join the public discussion of funding for the transportation system. They waited until the very end of the process to come forward with a proposal that provides not a nickel for system maintenance and badly needed expansion of bus service, let alone a full capital program. It is time for both sides of the Senate -- Democrat and Republican -- to join the Governor and the Assembly in support of some version of the Ravitch Commission Plan.

Aaron Naparstek

AARON NAPARSTEK is the founder and former editor-in-chief of Streetsblog. Based in Brooklyn, New York, Naparsteks journalism, advocacy and community organizing work has been instrumental in growing the bicycle network, removing motor vehicles from parks, and developing new public plazas, car-free streets and life-saving traffic-calming measures across all five boroughs. Naparstek is the author of "Honku: The Zen Antidote for Road Rage" (Villard, 2003), a book of humorous haiku poetry inspired by the endless motorist sociopathy observed from his apartment window. Prior to launching Streetsblog, Naparstek worked as an interactive media producer, pioneering some of the Web's first music web sites, online communities, live webcasts and social networking services. Naparstek is currently in Cambridge with his wife and two young sons where he is enjoying a Loeb Fellowship at Harvard University's Graduate School of Design. He has a master's degree from Columbia University's Graduate School of Journalism and a bachelor's degree from Washington University in St. Louis, Missouri. Naparstek is a co-founder of the Park Slope Neighbors community group and the Grand Army Plaza Coalition. You can find more of his work here: http://www.naparstek.com.

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