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The MTA is already budgeted for 32 billion in new capital acquisitions across the next five years. City revenues are 93 billion annually. The City government c
by hapless 9y ago
The MTA is already budgeted for 32 billion in new capital acquisitions across the next five years.
City revenues are 93 billion annually. The City government could easily fund the extra 5bn/year out of the general fund without any hinky schemes. It chooses not to because the MTA wastes substantially all of its capital spending -- adding City money to the bonfire won't be rewarded by voters.
Given the MTA's track record, an extra $5 billion a year would buy us what, _one_ extra subway station, ten years from now?