Recent Streetsblog NYC posts about Reinvent Albany

Damn, you're telling me scenes like this have almost bankrupted the MTA? Photo: Kate Hinds

State Senators Admit They Don’t Understand The MTA’s Enormous Deficit

By Dave Colon | Aug 26, 2020 | No Comments

Legislators, including State Senator John Liu, displayed a stunning lack of insight into where the MTA's money comes from and the long-term financial state of the hobbled transit agency.

Now we need the Health Commissioner to say this is healthy. Photo: Marc A. Hermann / MTA New York City Transit

With No Federal Money Coming, the MTA Has Options — Bad Ones

By Dave Colon | Aug 6, 2020 | No Comments

The Feds are allowing transit agencies to use capital funds for operating expenses. But that option comes with huge downsides.

Lots of companies upstate — and around the country — are in business because the MTA spends so much money on stuff it needs — like new rail cars. Photo: Kevin Coughlin

Report: The MTA Does More for the Nation than The Nation Does for the MTA

By Gersh Kuntzman | Jun 17, 2020 | No Comments

Ask not what the MTA can do for your country — ask what you can do for the MTA.

Transit Watchdogs: Raiding MTA Taxes Will Threaten A Federal Bailout

By Dave Colon | Apr 30, 2020 | No Comments

Governor: Keep your hands off tax money that's supposed to go to the cash-strapped MTA!

Advocates: MTA’s Finance Quick Fix Should Not Become Permanent

By Dave Colon | Apr 1, 2020 | No Comments

State budget negotiators are considering touching the ultimate third-rail of MTA funding — raiding revenue sources that are earmarked for capital improvements — in order to stave off an immediate fiscal collapse.

Comptroller: MTA Debt Could Mean Fare Hikes, Service Cuts

By Dave Colon | Mar 12, 2020 | No Comments

The route out from under a mountain of debt could be through the public's wallet.

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