|
|
| Re: Should the city take back its buses and subways? (1507117) | |||
 |
|||
| Home > SubChat | |||
|
[ Read Responses | Post a New Response | Return to the Index ] |
|
||
|
Re: Should the city take back its buses and subways? |
|
|
Posted by Stephen Bauman on Fri Mar 15 21:16:32 2019, in response to Re: Should the city take back its buses and subways?, posted by BrooklynBus on Fri Mar 15 20:40:33 2019. But arent the biggest problem with the MTA covering its expenses paying off the bonds and the cost of pensions, not actually the operating costs?If fares don't cover operating costs, then covering bonds and pensions is an even bigger problem. According to the 2017 NTD tables and profile, NYCT's total operating expenses are $8.1B and the fare revenue is $4.5B. The tables show that fringe benefits are roughly equal to salaries. That's fairly standard, so they don't include pension payments. The operating expenses do not include bond payments. NYCT's long term pension liabilities are listed as $6.1B out of total long term liabilities of $23.7B. |
|
|
|