Useless MTA announces new $400 million dollar deficit!

MTA CEO Jay Walder

The MTA announces that once again it has an unforseen budget deficit, this time a shocking $400 million dollars, Jay Walder the MTA executive director, whose salary is $350,000 a year,  expects that fares hill be hiked again and that cuts will be made…

from daily news:

Finances are going from bad to worse in Albany and at the MTA.

Recession-battered Metropolitan Transportation Agency announced Wednesday it faces a $400 million budget gap this year after payroll tax revenues came up short.

The grim financial news raises the possibility the authority may seek to raise bus, subway and commuter train fares beyond the planned 7.5% next year.


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