Saturday, April 21, 2012

Tuesday, April 17, 2012

The NYC Mayoral Transit Stakes Begin — Stringer Backs Commuter Tax | Transportation Nation

The NYC Mayoral Transit Stakes Begin — Stringer Backs Commuter Tax | Transportation Nation: "Manhattan Borough President Scott Stringer is the first likely 2013 New York mayoral candidate out of the box with a detailed plan for financing the city’s transit system.  It’s a a mix of solutions — but the gist is this, there should be more financing for transit, and not just from transit riders."

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Wednesday, April 4, 2012

MTA gives $2B a year to bankers

TWU Leader Won’t Disown Occupy for Fare-Beating | OccupyWallSt.org: "“Instead of using our tax money to properly fund transit, Albany and City Hall have intentionally starved transit of public funds for over twenty years,” the activists said in a press release. “The MTA must resort to bonds (loans from Wall Street) to pay for projects and costs,” they added, calling the agency “a virtual ATM for the super-rich.”

They pointed out that the MTA spends more than $2 billion a year to pay off its debt.

“This means Wall Street bondholders receive a huge share of what we put into the system through the Metrocards we buy and the taxes we pay,” they concluded."

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