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Any new money for public spending is typically used to pay down the ballooning public pension liabilities. And if it doesn’t go towards pensions, it’s diverted
by jiggliemon 8y ago
Any new money for public spending is typically used to pay down the ballooning public pension liabilities. And if it doesn’t go towards pensions, it’s diverted away to other welfare projects, or education.
Point is these new funds won’t make transportation better in any significant way.
- ramraj07 8y agoThe proposed budget explicitly says this money will go towards the MTA.
- smnrchrds 8y agoDoes it truly do? Or does it go towards MTA the same way lottery and gambling revenue goes towards education budget, i.e. not really except as an accounting trick?
- jiggliemon 8y agoThen you simply take a loan out from the MTA fund. The same way our lottery monies are allocated towards education, but find their way to fund various pension funds. Perhaps this new fee will be used to fund MTA’s pension liabilities, and the current spending on pensions gets allocated to food stamps. New money never goes to where it’s said it’s supposed to go. That’s because government funding is a Ponzi scheme.
- deleted 8y ago[deleted]
- refurb 8y agoYes, so what they'll do is reduce the budget for the MTA to offset that, then "poof"! They have new money to spend on whatever they want.
- pavelmark 8y agoBudget will go to capital construction costs [0], particularly for MTA, buses, and underserved areas of NYC. This was layout in the NYS 2020 budget place. Source: https://congestion-pricing.com/ https://congestion-pricing.com/