New York City’s Transit System Faces Unprecedented Financial Reckoning

The nation’s largest transit system teeters on the edge of an unprecedented financial crisis as it emerges from the new coronavirus pandemic, leaving it with few options other than imposing major spending cuts and borrowing billions of dollars, officials say.

Patrick Foye, chairman of New York’s Metropolitan Transportation Authority, said in a July 8 interview that the only way to stave off bleak measures is for the agency to secure $3.9 billion in federal coronavirus bailout funds in the coming weeks. Without the money,...

Maybe the fat suits should give up their big fat checks or make it like uk where it’s 60 pounds one way

Yet DeBlasio has time to paint streets ....

cuomo and deblasios plan to ruin the economy.

can’t make pension payments?

Yet, they have money to paint activist messages on the street? Mmm kay

Well, it was nice when they wasted money like there’s no tomorrow:

Thank you China, they did this to all businesses.

Well well welcome to a city run by liberal democrats.

The transit system is just the beginning of NYC problems. Their tax base will be leaving at a pace that will be devastating. This is all do to a lack of responsible leadership from their nitwit mayor. Let the mayor and the morons in city council deal with it. Should fun to watch

162k per employee may be part of the problem.

Yeah, they just started cleaning the cars in April! What do you expect?!

Maybe quit spending the money on stupid shit like painting murals outside Trump tower...🤷🏻‍♀️

normal democRAT run city turns into a benghazi catastrophical shithole

Couldn’t happen to a more deserving place.

Tough 💩

A better option would be to depopulate NYC by crashing the subway & bus systems entirely forcing everyone to evacuate the 5 boroughs on account of the seasonal flu.

Instead of defacing right of ways in NYC maybe the mayor should have been worried about this? He is a disgrace to what was once one of the greatest cities in the world, even at it worse. NYC wake up demand better of the leaders.

We shouldn’t bail out New York. They’ve completely bungled their finances, and they out to recognize that there are consequences for bad policy decisions and bad leadership.

toss out that imbecile DiBlasio

Perhaps BilldeBlasio should use the billion he just cut from the police to fund the subways?

F NYC

The MTA is a joke. They’ve wasted billions of taxpayers’ dollars on bullshit. We don’t need old replica trains nor state of the art ones. We need the MTA to spend the money on replacing switches, signals and tracks. Closing down lines and working through the night.

A horribly managed transit system does not deserve a bailout.

Simple solution. Raise rates. That's what the utilities and government taxes do. Problem solved

How about report on what we really want to know Wayfair wayfairchildtrafficking wayfairgate

How come everything appears on the edge of a financial crisis these days?

All caused by the worst politician in the history of the world. And then some. Make the bed - sleep in it.

we could always tax billionaires

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