4 ms·
Well we wouldn't want important services such as the MTA to run out of money and turn into a dysfunctional and corrupt mess. Edit: I have a love/hate relations
by fhood 8y ago
Well we wouldn't want important services such as the MTA to run out of money and turn into a dysfunctional and corrupt mess.
Edit: I have a love/hate relationship with NY and NYC in particular.
- jrockway 8y agoTo be fair, the MTA has largely been NYS's piggy bank for decades. That's why it's gotten this bad; it's being used to subsidize all the services upstate that don't generate any revenue. The New York Times made an interesting video about it: https://www.youtube.com/watch?v=COLMODzYX7U https://www.youtube.com/watch?v=COLMODzYX7U
- kevin_thibedeau 8y agoMTA runs as a net loss. It isn't a piggybank if it is dependent on subsidies from somewhere outside fares and ads to pay the bills.
- jrockway 8y agoI mean, yes, but part of the reason why it runs at a loss is because how it subsidizes the rest of the state. For example, when the MTA wants to issue a bond, it has to pay NYS a bond issuance fee. This has added up to about $105MM since 2006.