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Re: Cuomo - Blow up the MTA

Posted by randyo on Tue Jan 8 18:23:35 2019, in response to Cuomo - Blow up the MTA, posted by Allan on Tue Jan 8 13:51:12 2019.

The problem with the way the MTA structure is set up is that it is s neither fish nor fowl type of agency that involves a lot of finger pointing. What should have been done is set it up so that there is no separate LIRR, M/N, TBTA, NYCT, MABSTOA SIR or MTA Bus. Those former agencies could either have remained as separate only for purposes of satisfying the bondholders or else have all bonds of the separate agencies redeem for MTA bonds of equivalent value for the entire agency. Existing pension systems that are grandfathered in can be left in place and a new all MTA pension system established for all new hires. The former agencies would become divisions of the total MTA at large and all employees would become employees of the total MTA. That would probably place the entire MTA under the FRA and other federal agencies but that probably would not be a bad idea. There could be one president for all the MTA rail facilities and another for all MTA bus operations with asst VPs and other officials in charge of those respective divisions. In fact, in retrospect, maybe the TBTA should be spun off entirely since it does not actually operate any rail or bus lines leaving the MTA to be strictly a mass transit governing body with the managers made accountable for all the agency’s operations instead of having presidents of the various constituent semi self governing agencies able to point fingers at each other and having no one accountable.

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