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| Re: Daily News Demagogic Fare Hike Piece (538028) | |||
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Re: Daily News Demagogic Fare Hike Piece |
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Posted by Russ on Fri Dec 21 13:09:26 2007, in response to Re: Daily News Demagogic Fare Hike Piece, posted by Edwards! on Fri Dec 21 12:05:05 2007. Oh ..are we to disregard the so called "projected" surplus of 200 million for 08?Actually, it might be as high as a $377 million surplus in 2008. That gets followed - if there is no fare hike - by a $1.4 Billion deficit in 2009. Waiting until the last minute to raise fares will require steeper fare hikes and/or budget cuts that will hurt riders. Let me tell you about "projections"... Its MTA SPEAK for what MIGHT HAPPEN..not for what IS.. Do you actually have anything substantive to counter their projections? Point is..they should have been adding those "SURPLUS" to debt and Labor.. That's the last thing that they should do, unless we want to go back to the days of deferred maintenance. A surplus, as well as a deficit is what happens in a single year. Debts are paid from debt service that is in a budget. Using operational surpluses to pay back capital debt is one of the most fiscally irresponsible things possible. What will the MTA do when it needs to cover an operational budget gap, issue bonds? Good luck with that. And adding surpluses to labor? The MTA needs to reduce labor costs, not increase it. No one is being "intellectually dishonest"..rather just the opposite.. Advocating to not allow the fare to keep up with inflation, without any dedicated revenue source to fund this, is intellectually dishonest. A Brute REALISTIC FACT that we are going to see some hard days ahead. If we know that hard days are ahead, then we should take advance measures to ensure that the MTA remains fiscally stable. |
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