The office of New York Comptroller Thomas DiNapoli examined the finances of the MTA based on the authority's own books. It concluded the MTA finances were a bit better but "risks remain."
Some key findings include subway bus and railroad fares will go up in the next couple of years three times more than projected inflation.
The cost of employee overtime, health benefits, and pensions will be more than $2 billion by 2016 and the debt paid for MTA loans will be $3 billion a year by then.
The only comment from the MTA was a statement issued by Chairman Joe Lhota, who in part noted it was thoughtful and thorough.
The review noted that the MTA has reduced costs by cutting its administrative staff.
Wednesday, June 19 2013 4:13 PM EDT2013-06-19 20:13:39 GMT
The driver of the vehicle that left several people injured and a trail of destruction in the area of 2nd Avenue and East 4th Street in the East Village has been arrested.
The driver of the vehicle that left several people injured and a trail of destruction in the area of 2nd Avenue and East 4th Street in the East Village has been arrested.
Wednesday, June 19 2013 7:07 AM EDT2013-06-19 11:07:13 GMT
Photo courtesy of @N42_21_W71_04)
Riders should anticipate some changes but "near normal" service on the Long Island Rail Road for the morning rush.
Riders should anticipate some changes but "near normal" service on the Long Island Rail Road for the morning rush. Crews have been working to repair tracks and switches after Monday's derailment.
Friday, June 14 2013 10:13 PM EDT2013-06-15 02:13:07 GMT
A simple commute into New York City on a New Jersey Transit bus turned into a nightmare on Thursday. The driver appeared to get lost, so the 45-minute ride took more than two hours.
A simple commute into New York City on a New Jersey Transit bus turned into a nightmare on Thursday. The driver appeared to get lost, so the 45-minute ride took more than two hours.
Friday, June 14 2013 10:32 AM EDT2013-06-14 14:32:37 GMT
Brooklyn community advocates are offering a $5,000 reward for information leading to the arrest and conviction in the killing of a livery cab driver.
Brooklyn community advocates are offering a $5,000 reward for information leading to the arrest and conviction of a suspect in the killing of a livery cab driver.
Wednesday, June 19 2013 6:12 AM EDT2013-06-19 10:12:52 GMT
A senior administration official says Gov. Andrew Cuomo and legislative leaders have struck a deal to authorize four upstate casinos and to allow votes on 10 separate women's rights bills including an abortion...
A senior administration official says Gov. Andrew Cuomo and legislative leaders have struck a deal to authorize four upstate casinos and to allow votes on 10 separate women's rights bills including an abortion proposal...
The body of one of three New Yorkers killed in an attack in Afghanistan is scheduled to arrive in his upstate hometown while the funeral of a second victim is being held in the Hudson Valley.
The body of one of three New Yorkers killed in an attack in Afghanistan has arrived in his upstate hometown as the funeral of a second victim was being held in the Hudson Valley.
Monday, June 17 2013 12:03 PM EDT2013-06-17 16:03:27 GMT
Authorities say they still haven't determined what caused six U.S. border agents to require decontamination and medical attention after inspecting a vehicle at a crossing in northern New York.
Authorities say they still haven't determined what caused six U.S. border agents to require decontamination and medical attention after inspecting a vehicle at a crossing in northern New York.
Sunday, June 16 2013 5:39 PM EDT2013-06-16 21:39:47 GMT
Senator Charles Schumer (D-NY) is asking New York colleges and universities to place tougher standards that would make it hard for students to abuse stimulants like Adderall. Schumer during a Sunday afternoon press conference said between 15 and 35 percent of college students frequently use Adderall to stay up to study. He said students shouldn’t be able to get amphetamine-based drugs like Adderall without a legitimate diagnosis and prescription.
Senator Charles Schumer (D-NY) is asking New York colleges and universities to place tougher standards that would make it hard for students to abuse stimulants like Adderall. Schumer during a Sunday afternoon press conference said between 15 and 35 percent of college students frequently use Adderall to stay up to study. He said students shouldn’t be able to get amphetamine-based drugs like Adderall without a legitimate diagnosis and prescription.
Saturday, June 15 2013 7:36 PM EDT2013-06-15 23:36:20 GMT
Former New York Governor Mario Cuomo was honored with a portrait that was unveiled inside the Hall of Governors in the state capital in Albany on Saturday. Current governor and son Andrew Cuomo was there as well. "A year ago we presented Governor Mario Cuomo with his official gubernatorial portrait.
Former New York Governor Mario Cuomo was honored with a portrait that was unveiled inside the Hall of Governors in the state capital in Albany on Saturday. Current governor and son Andrew Cuomo was there as well. "A year ago we presented Governor Mario Cuomo with his official gubernatorial portrait.
