The Fuse Is Still Lit on MTA Debt Bomb

Flash back a few weeks to the heat of the MTA funding debate: Remember all the talk about long-term, sustainable funding streams for our transit system? That's what the Ravitch plan was supposed to deliver. We knew as soon as the deal went down last month that the state legislature and Governor Paterson flubbed their chance to make good on that promise. Now, writes Ben Kabak at Second Avenue Sagas, state comptroller Thomas DiNapoli has issued a report that makes it official:

That's more than double what the MTA currently pays each year to cover its debts. With all those billions coming out of the operating budget, everyone who rides the subway or the bus is going to pay, while car commuters continue to get a free ride.