MTA facing fiscal peril if infrastructure
bill does not pass: DiNapoli
New York Post,
by
David Meyer
Original Article
Posted By: Ribicon,
9/28/2021 4:10:18 PM
The MTA faces dire fiscal straits when COVID-19 emergency funding dries up—and may be forced to scale back sorely-needed repairs if Congress fails to pass the $1.2 trillion bipartisan infrastructure bill, State Comptroller Tom DiNapoli said Tuesday. Transit officials face a $1 billion deficit come 2025—yet plan to increase spending by an average of 4.2 percent per year, more than the expected rate of inflation, DiNapoli said in his annual review of the $19 billion-per-year transportation authority.(Snip)Officials were only able to close the massive revenue hole thanks to $15 billion in federal relief and by borrowing $2.9 billion that had been intended
Not my problem. Let the citizens of NYC pay for their shithole. I don't want one dime of my money spent on any city project. Federal infrastructure is for things like the Interstate system and the electrical grid - not for a damn subway that benefits less than 1% of the nation's population.
24 people like this.
Reply 2 - Posted by:
SilkCity 9/28/2021 4:20:03 PM (No. 929298)
When has the MTA (or any similar agency, for that matter) NOT faced fiscal "peril"?
It's their business model.
23 people like this.
Reply 3 - Posted by:
stablemoney 9/28/2021 4:22:46 PM (No. 929301)
The MTA should not be ridden due to Covid and knife slashings are rampant. The mess should be defunded until there is a capitalist mayor and city council elected.
11 people like this.
Reply 4 - Posted by:
Ida Lou Pino 9/28/2021 4:32:33 PM (No. 929314)
It's getting more an more expensive - - for the retired NYC subway bureaucrats to live in their gated communities in Florida - - and maintain their cabin cruisers on their paltry six-figure pensions.
It's time for the rest of the country to chip in - - so that today's subway bureaucrats can also afford a luxury Florida home and yacht.
I'm ready and willing to help out.
6 people like this.
Reply 5 - Posted by:
MindMadeUp 9/28/2021 4:36:15 PM (No. 929318)
Or, the MTA could spend less and cut expenses.
11 people like this.
Reply 6 - Posted by:
GoodDeal 9/28/2021 4:42:57 PM (No. 929323)
Money for illegals but no money for repairs. Too bad. Deal with it.
12 people like this.
Reply 7 - Posted by:
DVC 9/28/2021 5:10:12 PM (No. 929354)
I do NOT want to pay for some damned transportation system in a city where will never visit.
If you collapse, fine with me. I don't care. Pay for your own damned subway and buses.
11 people like this.
Reply 8 - Posted by:
Ribicon 9/28/2021 5:12:51 PM (No. 929357)
Many stories just like this over the years, all papered over with "federal money." Get a load of why the guy at the end says he should get off. FTA: "Joseph Balestra pleaded guilty in Manhattan Federal Court to conspiracy to commit federal program fraud. He was charged in February with billing 3,000 hours of overtime for shifts he never worked in 2018. That year he was paid $348,000, making him the Metropolitan Transportation Authority’s twelfth highest paid employee. LIRR workers Thomas Caputo and John Nugent, who were indicted alongside Balestra, have also pleaded guilty in the case.
Frank Pizzonia, the fourth LIRR worker charged in the scam, has opted to go to trial. Pizzonia, identified in court filings as the son of a Gambino family hit man, has said he should be absolved of his overtime fraud because ”everyone was doing it.”
https://www.nydailynews.com/new-york/ny-lirr-overtime-fraud-joseph-balestra-mta-guilty-20210914-eads3gqngjh7na5iwi6hkjv2va-story.html
5 people like this.
Reply 9 - Posted by:
skacmar 9/28/2021 6:11:29 PM (No. 929395)
THey get tons of state and federal money. Let the people who use it pay for it! Why should people in Wyoming or Kansas have to pay for someone's commute in New York City or New Jersey? With they taxes those states charge, everyone should be driven to work in a chauffeured limo each day.
8 people like this.
Reply 10 - Posted by:
mc squared 9/28/2021 6:34:56 PM (No. 929414)
Haven't lived there in decades, wasn't good then. Let it rot
4 people like this.
Reply 11 - Posted by:
Gruntmedic 9/28/2021 8:20:10 PM (No. 929509)
Why should I pay for NYC transit
2 people like this.
Reply 12 - Posted by:
cor-vet 9/28/2021 8:30:27 PM (No. 929516)
We should pay for NYC transit riders, while the little buttboy, alfred e. buttigieg wants to tax us for every mile we drive?
3 people like this.
Reply 13 - Posted by:
LeeBertie 9/28/2021 8:30:41 PM (No. 929517)
This is soooo sad. Poor New York City.
- sarcasm off -
1 person likes this.
Reply 14 - Posted by:
MDConservative 9/28/2021 9:39:34 PM (No. 929552)
Raise the fares and supporting taxes. Public transportation is SOOOOOOO important in NYC. More important than policing.
1 person likes this.
Reply 15 - Posted by:
hershey 9/28/2021 9:46:50 PM (No. 929561)
Ya know, when you got a funding hole, you cut back, not go to the Feds for more money...but then that is New York...
0 people like this.
Reply 16 - Posted by:
JHHolliday 9/28/2021 11:00:42 PM (No. 929637)
#9 is correct. Take the federal money and tug your forelock in appreciation of that ‘free’ money. Old saying...if you sup with the devil it’s best to use an extra long spoon. Our local schools are addicted to government money and will whore themselves out to keep collecting it.
1 person likes this.
Reply 17 - Posted by:
mifla 9/29/2021 6:34:04 AM (No. 929770)
Yet another blue state bailout of an incompetent organization.
0 people like this.
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I don't care about the fraud-ridden, perennially mismanaged NYC MTA money pit, yet I get to pay for it anyway. Corona stimulus money already received: $14.5 billion for NYC mass transit, which works out to $44.18 borrowed on behalf of every man, woman, and child in the USA. NYC itself in the March 2021 stimulus got $38 billion; that's $115.77 taken from every man, woman, and child in New America, going just to New York City.