Congress is set to approve an add-on to the February stimulus law that will allow public-transit agencies, including New York's state-run Metropolitan Transportation Authority, to spend 10 percent of their stimulus money on operating costs, rather th Read More
, Nicole writes in today's Post. The downstate economy will pay a steep price for what will be, at best, a temporary solution to the MTA's enormous budget shortfalls, she points out. For what taxpayers are giving up here, the Read More
March isn't half over yet -- but we already have a winner! Even with the state budget unsettled (with all that implies, bad ideas-wise), the worst idea of the month is surely a proposal by state Sen. Carl Kruger for avoiding East River bridge tolls Read More
Before Senate Majority Leader Malcolm Smith stalled the plan yesterday, Assembly Speaker Sheldon Silver had come up with a compromise idea to raise new money for the state-run Metropolitan Transportation Authority: charge a $2 toll for drivers to cro Read More
As the projected operating deficit at the state-run Metropolitan Transportation Authority increases by as much as $650 million, to nearly $2 billion, MTA board members have gone to Albany today to continue their lobbying for the Ravitch plan. The Read More
The Times offers that a couple hundred million dollars (at least) of for the state-run Metropolitan Transportation Authority through new bridge tolls and a payroll tax wouldn't actually be new revenue going to the MTA. It would be a ste Read More
The best fiscal news for New York in ages is that three and a half years ago, the city lost its bid to host the 2012 Olympics. This week, the UK, which won the bid, , because the private partners couldn't find financing for the "Olympic Village" a Read More
Congratulations to President Obama! One of the new president's first tasks will be figuring out how to get Congress to fix the stimulus bill that the House proposed last week. In its current form, the bill won't do much for road and rail infras Read More