Transit Funding
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FTA: Transit Maintenance — Not Just Expansion — Will Grow Ridership
Aging infrastructure across the country has become an enormous safety risk. It’s also becoming an economic hazard.
October 4, 2010
DiNapoli’s Press Release Obscures Biggest Source of MTA Budget Woes
Earlier this week State Comptroller Tom DiNapoli came out with his latest report on the MTA's troubled finances [PDF], and if you take a look at the numbers, the big takeaway is pretty stark. Without funding for the $9.9 billion hole in the agency's capital program, MTA debt will soar even higher. If legislators don't secure more revenue for maintaining and expanding the transit system, there are basically two options: either the MTA can reduce its capital spending or straphangers can pay the price through higher fares and worse service.
September 29, 2010