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There are no other funding sources other than borrowing. Despite popular opinion, the MTA is a STATE agency, not CITY agency. The head of the MTA is nominated by the governor and the budget comes from the state. Cuomo is not a fun of it or other public transportation and tries to cut its budget every time. MTA exists by borrowing, and now is something like $19 billion dollars in debt. The only solution here is to transfer MTA from upstate to the city government... but good luck with that.
That is always the politicians answer. Borrow their way into positive cash.
The reason it went to the state was, IIRC, that the city couldn't afford it.
The "MTA" is the state bailout for the NYCT so that it can funnel money from the TBTA which operates at a positive cash flow.
If you give NYC control the MTA and give the state back it's bridges the system falls apart worse than it does now.
NYCT / LIRR / MNR all cost far far far too much to operate.
They pay their employees far too much for the attitude they give back.
I wouldn't mind the cost being higher (even if it hit 5 bucks or so a subway ride) if the system were clean, I knew exactly when the trains are coming, and there was wifi / signal in every station.
NYC is slow to adapt. Shoddy infrastructure excuses as usual.
The subway fares can't rise too much because most workers in NYC don't live here including govt officials. They don't want to see subway fares become higher than their commuter train fares.
They'll just raise the LIRR/Metro North in step with the subway fairs.
Quote:
Originally Posted by vision33r
The subway fares can't rise too much because most workers in NYC don't live here including govt officials. They don't want to see subway fares become higher than their commuter train fares.
The subway fares can't rise too much because most workers in NYC don't live here including govt officials. They don't want to see subway fares become higher than their commuter train fares.
Subway Farebox Income + Tax Income - Operating Expenses = NYCT Budget.
People's wants and needs are not a part of that equation.
If MTA loses taxes like the kind it illegally imposed on the state in the past, the fares need to rise.
Subway Farebox Income + Tax Income +Debt Increase - Capital Expenditures - Operating Expenses = NYCT Budget.
People's wants and needs are not a part of that equation.
If MTA loses taxes like the kind it illegally imposed on the state in the past, the fares need to rise.
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