Saturday, October 11, 2014

The MTA: Revenue and Overtime

A reader sends this in:


Each month MTA posts a Strategic Plan Progress Report that you can search for on their website. I've extracted the Sept. 2014 report with revenues and overtime tables, 2 pages long.

Notice on Parking Fees and Fines MTA already collected year to date $312 million, $24 million above their budgeted numbers.

Their total surplus year to date is $83 million.

On the second page is overtime. Numbers inside ( ) mean they are in a deficit. So far they are in a $15 million deficit.

All together they are in a $83 - $15 = $68 million surplus. Why then do they need an extra $500 million in Prop. A?

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