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MTA seeking $4B bailout from
feds amid subway mass exodus

Original Article

Posted By: Ribicon, 3/17/2020 10:08:41 PM

The MTA is asking for $4 billion in federal funds to weather the coronavirus outbreak, which has severely reduced its ridership. Writing to New York’s congressional reps, MTA Chairman Pat Foye said the agency needs the cash injection to keep public transit open while many New Yorkers stay home to slow the spread of the disease. “The stark reality is that as more people stay home following the advice of medical experts, the M.T.A. is now facing financial calamity,” Foye said in the letter, dated Tuesday.(Snip) Fares and tolls make up a huge chunk of the agency’s operating budget, and Foye said the MTA could be $3.7 billion

Comments:

Everyone would agree that it's in the interest of taxpayers in the Lesser 49 to support NYC mass transit. Meanwhile, MTA would save money by not running buses and subways, seeing how fares pay only a fraction of the costs.

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Reply 1 - Posted by: Nimby 3/17/2020 10:13:21 PM (No. 349444)
Isn’t this the conduit for spreading viruses? Why? Oh Why?
5 people like this.

Reply 2 - Posted by: PCMM 3/17/2020 10:15:56 PM (No. 349447)
No. If New Yorkers want open borders, Chinese medicine, progressive politicians and hate the rest of the USA, then you can walk your happy @ss around NYC. Thanks.
12 people like this.

Reply 3 - Posted by: MindMadeUp 3/17/2020 10:17:08 PM (No. 349449)
How could it possibly cost FOUR BILLION DOLLARS??
6 people like this.

Reply 4 - Posted by: stablemoney 3/17/2020 10:25:36 PM (No. 349452)
Get your bankers to spread the debt repayments out over a longer term. Leave us out of it!
7 people like this.

Reply 5 - Posted by: bamboozle 3/17/2020 10:25:52 PM (No. 349453)
Easy #3, MTA is a Democrat run government operation.
8 people like this.

Reply 6 - Posted by: JimJr 3/17/2020 10:35:54 PM (No. 349461)
Nuts to that!
7 people like this.

Reply 7 - Posted by: hurricanegirl 3/17/2020 10:46:36 PM (No. 349471)
Whelp, Trump's done it now. The "gimme crowd" is coming out of the wood work.
5 people like this.

Reply 8 - Posted by: coobr03 3/17/2020 11:14:04 PM (No. 349483)
From 2019 - "Overtime pay at the agency running New York City's transit is going off the rails. As the Metropolitan Transportation Authority (MTA) is railroaded by stalled schedules, busted budgets and a fare hike for riders, the agency paid its workers $418 million in overtime last year — including more than $344,000 for a single employee..."
6 people like this.

Reply 9 - Posted by: caljeepgirl 3/17/2020 11:27:08 PM (No. 349489)
Next.
4 people like this.

Reply 10 - Posted by: LadyHen 3/17/2020 11:38:33 PM (No. 349500)
No. I don't even use my own city's failing mass transit. Why should I pay for NYC's failing mass transit?!
5 people like this.

Reply 11 - Posted by: Muncsdad 3/17/2020 11:57:54 PM (No. 349508)
This is what worries me about ANY bailout bill. Scum will take advantage and steal from us, like the City of New York.
7 people like this.

Reply 12 - Posted by: Timber Queen 3/18/2020 12:46:23 AM (No. 349529)
Askin' ain't gettin'. If "progressive" socialism/communism is so wonderful, then just have the workers "donate" their time. After all, everything for the collective!
3 people like this.

Reply 13 - Posted by: DVC 3/18/2020 1:22:13 AM (No. 349545)
No!
1 person likes this.

Reply 14 - Posted by: Trigger2 3/18/2020 2:22:43 AM (No. 349574)
Leave it to de Blasio and Cuomo to have their hands out for free money. Shut the MTA down. People aren't supposed to be roaming around anyway.
4 people like this.

Reply 15 - Posted by: WhamDBambam 3/18/2020 6:55:44 AM (No. 349659)
IIRC, the "M" stands for "Metropolitan," not "Federal."
2 people like this.

Reply 16 - Posted by: Lazyman 3/18/2020 8:12:15 AM (No. 349707)
The City has not enforced fare evaders turning a blind eye even in front of cops.
4 people like this.

Reply 17 - Posted by: msjena 3/18/2020 9:30:22 AM (No. 349790)
What about people like me, who buy monthly passes? I assume they won't be refunding any money.
1 person likes this.

Reply 18 - Posted by: ROLFNader 3/18/2020 10:48:27 AM (No. 349904)
Take a bike or a hike, if you're waiting for me to chip in on that boondoggle.
2 people like this.

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