MTA unveils gloomy budget

MANHATTAN - The MTA unveiled its doom-and-gloom budget Thursday that includes a 23-percent fare hike and cuts to service.

The measures are designed to close a $1.2 billion budget shortfall in 2009. In addition to the fare hike and service cuts, the MTA is looking to eliminate 2,700 jobs across the board.

"These actions collectively close our 2009 gap," says MTA CEO Eliot Sander. "But I will point out as a result of the economy we do have significant gaps in the outer years."

Hearings on the budget will be held next month. The changes would go into effect in June following a vote by the board.

advertisement | advertise on News 12

Trending Video

1 Neighborhood Brief for April 30
More than 2,000 people took part in the 2 Thousands attend NYPD Cares 5K for kids with disabilities
More than 200 Brooklyn residents received a goody 3 Expecting moms attend massive baby shower in E. Flatbush
A 3-year-old girl died after a car accident 4 3-year-old killed in crash on Bruckner Boulevard
The victim, a man in his 20s, was 5 Man shot in head during Williamsburg drive-by shooting

advertisement | advertise on News 12


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.