MTA heads direct agencies to slash budgets

PELHAM BAY - The Metropolitan Transportation Authority is directing its agency heads to develop alternative budgets in case the economy takes a turn for the worse.

Transit officials say budget reductions are necessary in order to deal with a nearly $900 million deficit. Each division has been instructed to slash 4.5 percent of expenses.

MTA Chief Financial Officer Gary J. Dellaverson says the cuts should target management-level expenses before affecting service. Some commuters are still fearful of potential service cuts as more turn to mass transit due to the gas crunch.

Additionally, Gov. David Paterson has appointed a commission to examine the MTA?s financial problems. Recommendations from that probe are expected by December.

advertisement | advertise on News 12

Trending Video

1 Neighborhood Brief for April 30
Dozens of motorcycles lined a street in Greenpoint 2 Annual bike blessing held in Greenpoint
A 3-year-old girl died after a car accident 3 3-year-old killed in crash on Bruckner Boulevard
More than 2,000 people took part in the 4 Thousands attend NYPD Cares 5K for kids with disabilities
More than 200 Brooklyn residents received a goody 5 Expecting moms attend massive baby shower in E. Flatbush

advertisement | advertise on News 12

Features

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