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:
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.