MTA deficit hits $400 million

The Metropolitan Transit Authority estimates a deficit of $400 million for 2010 which could cause more service cuts.A state tax that was initially meant to

BROOKLYN - The Metropolitan Transit Authority estimates a deficit of $400 million for 2010 which could cause more service cuts.

A state tax that was initially meant to help curb the deficit fell short by almost $350 million.

Many advocates say the agency could use federal stimulus money available under President Barack Obama?s 2010 budget.

The MTA said it is prepared to take necessary steps that will reduce the deficit and will have a clearer picture of potential changes to service after the state budget is finalized.

advertisement | advertise on News 12

Trending Video

They say the speculators are buying homes and 1 Activists rally against gentrification in Cypress Hills, East NY
VIDEO: March to help seniors apply to college 2 VIDEO: March to help seniors apply to college
News 12 viewers discuss the widow of DA 3 The Buzz: Colon cancer
4 Money Matters: Self-employed retirement savings
A Bronx-based artist has opened a cash-optional, pop-up 5 Artist opens up cash-optional coffee shop in Williamsburg

advertisement | advertise on News 12

Features

Furry Friends is a weekly segment on News Furry Friends

Furry Friends is a weekly segment on News 12 Brooklyn nightside.

Sorry to interrupt...

Your first 5 are free

Access to News12 is free for Optimum, Comcast®, Time Warner® and Service Electric℠ video customers.

Please enjoy 5 complimentary views to articles, photos, and videos during the next 30 days.

LOGIN SUBSCRIBE