According to a new report by the New York state comptroller, the MTA is short a lot of money. NatDuddridgeTV spoke to the transit system's top official on Tuesday about how could it affect riders.
In between transit committee meetings at 2 Broadway, CBS2 stopped Lieber to ask about the state comptroller's report, which shows the transit system will be short more than $2.5 billion per year once federal pandemic relief runs out in 2025.
The MTA's overall operating budget for 2022 is about $20 billion. About one-third third comes from fares and tolls. "By restructuring our debt, by doing efficiencies on our own end, without cutting jobs," Lieber said.The MTA has already said decreasing transit service is not part of its economic recovery plan. Neither is fare hikes, which would cost riders an extra 79 cents per ride for the transit system to break even.
Duddridge asked riders what they think would be the least painful solution -- cutting service, raising fares, or increasing taxes."That's a really difficult question. We need more service, but by raising fares you're disadvantaging other people," a woman named Amanda said.
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