The
Metropolitan Transportation Authority has generated a proposal to cut subway and bus fares by 50% between Thanksgiving and New Year's Eve. According to the Authority's 2006 Financial Plan, as a result of the
Gap Closing Program, their New York City Transit division will save $43.7 million with a reduction of 432 positions. These positions are involved in the delivery of new subway cars, the design of new electrical and signalling systems, and, of course, station, car and bus maintenance.
"Gap Closing Program"? Why does a organization with a billion-dollar surplus need a Gap Closing Program? Or is there really a surplus? Will we hear next year about the
deficit? Sounds a little too Enron/Worldcom/Adelphia to me.
The money New York City residents have been paying in increased fares, which we are told is needed for system upkeep, will go to subsidize the tourist invasion of Manhattan during the holidays, but also to buy your votes on the Transportation Bond Act. I happen to be in favor of this
bond issue
, since I haven't been able to find where they've hidden the line items which will actually go to operational expenses instead of
capital expenditures. As a rule, though, I just don't like vote buying.
So, the trains, buses and stations will be dirtier, the new trains will be delayed another year, signalling improvements will take a few more years to design and even more years to install. And we'll take on more debt.
So, thanks MTA Executive Director
Katherine Lapp, for a thoughtful proposal. And I'm sure the
suburban commuters
(of which, Katherine, you would be one if you didn't have an Authority provided car and driver) whose rides are subsidized at the expense of city dwellers will continue to thank you. Oh, and how's that 22% salary increase from Pete Kalikow holding up?