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wow

i'm watching the webcast of the MTA Plan. holy crap, are we screwed.

Comments

( 5 comments — Leave a comment )
online_stalker
Dec. 4th, 2008 04:25 pm (UTC)
gimme the gist.
delascabezas
Dec. 4th, 2008 04:32 pm (UTC)
well
the state budget is shit, the city budget is shit, and the MTA is fucked. the city is going to push cash, and the state is going to subsidise, assuming anything proposed by the panel can get through the legislature. they were talking 23% fare hike + reductions as of november - they are talking 8% now, which is dependent on a crazy web of "what ifs" working out. they are talking payroll taxes, hiking bridge and tunnel (which has fed, city and state legislation issues) - the state wants to create a billion dollar fund that the MTA can borrow against, to solve their cash problems, but the state will get access to "profits" once the MTA turns the situation around. they are talking about pushing buses back on to local municipalities/boroughs, but their plan assumes that jacking bridge and tunnel tolls are going to solve the problem long-term.

obviously, fare hikes are going to happen... dick ravitch (who managed the situation in the 70's)

the mta is screwed because they have been funding themselves on the real estate bubble, and now there is no real estate, and there are going to be bleeding unemployment/recession.

you picked a good time to move to CA. you may find A. and I on the garage couch before long.

Edited at 2008-12-04 04:34 pm (UTC)
online_stalker
Dec. 4th, 2008 04:42 pm (UTC)
Re: well
sounds like a nightmare. i read somewhere they were thinking of tolling the bklyn and manhattan bridges. i can't imagine that working. i have a feeling this city is in for a very bumpy ride.
thekatzman
Dec. 4th, 2008 10:22 pm (UTC)
Re: well
best idea ever...except that the MTA would just piss the money away, so what's the point?
misterpardonme
Dec. 4th, 2008 05:32 pm (UTC)
i really think now is the time to launch my rickshaw business.
( 5 comments — Leave a comment )

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delascabezas
The Son of the last of a long line of thinkers.
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