NYC's MTA: A Jagged Little Pill
Well, it's almost official: New York City's Metropolitan Transit Authority (MTA) has announced its 2009 doomsday budget and it's slated for easy approval. It includes painfully steep fare hikes across the board for transit trains, buses, commuter rail lines and bridges and tunnels.
Could anyone please explain just exactly how the world's most poorly run transportation system is going to be permitted to go ahead with these hikes in the midst of ongoing poor management, zero accountability, falsified and seemingly cooked documentation and record-keeping and missing million-dollar surplus gains?
In April of 2002, the MTA managed to hide a half a billion dollars in its budget and increased the fare based on misleading information. They justified asking for a fare increase back then by keeping two sets of financial plans, one public and one secret, according to a report issued by then State Comptroller Alan Hevesi. Are we having collective memory loss here people? I ...