Metadish, Fresh from NYC

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Still curious what happened to that giant surplus the MTA had just a couple of years ago? Us too.

The cuts would add one to five minutes to wait times on many subway lines and local bus routes during off-peak periods. For subways, it would mean that on weekdays, from 9 a.m. to 4 p.m., all trains would run every 10 minutes, according to authority budget documents. Evening and late-night waiting times would be from 10 to 20 minutes.

The authority has been running surpluses of hundreds of millions of dollars in recent years, but it expects a surplus of just $36 million in 2007. And the agency is about to face serious financial challenges stemming from ballooning debt payments. In 2008, the agency projects a deficit of $905 million, increasing to $1.13 billion in 2009 and $1.48 billion in 2010.

Next year’s budget also calls for a 5 percent increase in subway and bus fares, which would go into effect in September.

Maybe we should just come to the realization that sometimes idiots inherit wealth. Just because Kalikow’s dad died, while it may entitle him to collect on daddy’s riches, it doesn’t necessarily make him qualified to run a fucking mass transit system that handles nearly 8 million riders each day.

We should have to pick up the tab because Kalikow is too busy driving around in his post-mid-life crisis to worry about balancing a budget?

M.T.A. Seeks Service Cuts of $20 Million [NYT]

Photo courtesy of lookwithyoureyes

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