The shortfalls are everywhere. Revenues for the transportation authority from dedicated taxes like those on real estate transfers are down. The payroll tax that was supposed to bring in $1.5 billion has fallen short by more than $200 million. Fewer people are riding to fewer jobs, so fare revenues were down $100 million in 2009. As part of a deficit reduction plan, Albany’s lawmakers cut another $143 million from their contribution to the authority. And after a judge rejected the M.T.A.’s plan to scale back raises for employees, the shortfall increased by another $100 million.The New York city model probably isn't the future of America.
Saturday, February 13, 2010
Less People Taking Public Transit in New York City
The New York Times has an editorial on socialist transportation in NYC: