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Old Posted Jul 18, 2008, 1:11 AM
NYC4Life's Avatar
NYC4Life NYC4Life is offline
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Join Date: May 2008
Location: Bronx, NYC
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Smile NEW YORK CITY: Transit Developments

NY1

Transit Officials Cut $61 Million From Next Year's Budget

July 16, 2008

City transit officials announced late Wednesday that they will cut jobs and projects to save money in 2009.

Transit officials say when the preliminary budget is unveiled next week, more than 500 jobs and $61 million will be cut.

The cost-cutting plan involves leaving positions unfilled, instead of laying off employees.

NYC Transit had been directed by MTA brass to cut costs by six percent over four years.

A spokesperson says maintenance upgrades will be reduced to prevent any decreases to service and customer safety.

In the wake of a financial crisis, the MTA has warned of another fare hike if state aid is not increased because of a $700 million budget gap.
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Last edited by NYC4Life; Sep 10, 2011 at 5:40 AM.
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