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David J. Meyer
Transportation budget hearings about to get underway in Albany! Follow along here.
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David J. Meyer Jan 30
Replying to @dahvnyc
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David J. Meyer Jan 30
Replying to @dahvnyc
Pat Foye, MTA President, is imploring the legislature for congestion pricing. Elaborates on Cuomo's ultimatum from yesterday: “If congestion pricing were to fail to pass this session, the MTA will need to raise fares by nearly 30 percent by 2024," he says.
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David J. Meyer Jan 30
Replying to @dahvnyc
“After congestion pricing revenues, we request the legislature to require the remaining capital needs of NYCT to be funded” half by the city and half by the state, he adds — a Cuomo talking point that's incredibly debatable.
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David J. Meyer Jan 30
Replying to @dahvnyc
Foye attributes part of the MTA's deficit to fare evasion, which is also up for debate IMO. Says the MTA is losing $1 million per day due to the ongoing litigation regarding the FHV fee passed by the legislature last year.
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David J. Meyer Jan 30
Replying to @dahvnyc
“Absent new funding, our only option will be service cuts, significant fare and toll increases, as well as staffing cuts," Foye says. Says that, at this rate, the operating deficit will exceed $1 billion by 2022.
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David J. Meyer Jan 30
Replying to @dahvnyc
Foye is giving the most frank assessment of the MTA's finances I've heard from an agency official.
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David J. Meyer Jan 30
Replying to @dahvnyc
"The MTA has a new leadership on place. We’re taking action to turn the system around and you can see the progress." 'New' is relative — Foye and Hakim have been in their positions for 2 years.
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David J. Meyer Jan 30
Replying to @LizKrueger
Albany is fucking whack. Senator just said "We have the written testimony," and cut Foye off so legislators can ask questions — Lest we think these hearings are for the public.
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David J. Meyer Jan 30
Replying to @AmyPaulin
“I have a lot of questions, so the shorter the answer the better," says. Her first question: Won't congestion pricing take years to implement? How do we budget for that?
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David J. Meyer Jan 30
Replying to @dahvnyc
MTA CFO Bob Foran: “What we will suffer [if congestion pricing is delayed]… is a deficit on our capital program is those revenues are delayed… That’s a delay in the increase in capital funds."
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David J. Meyer Jan 30
Replying to @dahvnyc
On operating, Foran says, "We were projecting a balanced budget this year, but… it was not structurally balanced. We’re using one-shots to close the gap. We’re running out of money from one-shots, so this is the last year we can do that."
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David J. Meyer Jan 30
Replying to @dahvnyc
Paulin's questions are good. She notes that Cuomo's budget didn't set a target in terms of how much congestion would be reduced. "To quantify that today is not really possible, but we think it would be a significant amount," Foye says.
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David J. Meyer Jan 30
Replying to @dahvnyc
MTA Managing Director Ronnie Hakim chimes in to speak about the importance of CP for buses. But CP in London didn't just make space for buses — it also allowed for more cycling and walking improvements.
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David J. Meyer Jan 30
Replying to @dahvnyc
Asked about Cuomo's desire for MTA governance reform, Foye says, “I’ll leave governance to elected officials here in Albany.” Says there's a lot of possibility for internal restructuring as well.
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David J. Meyer Jan 30
Replying to @SenKennedy
., of Buffalo: “We have a responsibility to resolve this crisis. I believe the solution to this begins at the top.” Is going after MTA executive salaries. "What is being done to control these salaries paid?"
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David J. Meyer Jan 30
Replying to @dahvnyc
Hakim: “We are actually agreeing and welcoming the need for reform. We instituted a hard hiring freeze for 2019.”
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David J. Meyer Jan 30
Replying to @dahvnyc
“We should not be talking about making cuts. We should be talking about just the opposite," says the senator from Buffalo.
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David J. Meyer Jan 30
. has clearly done his homework and is asking good questions. It still makes no sense that put someone from Buffalo in charge of MTA oversight.
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David J. Meyer Jan 30
Replying to @dahvnyc
Alas! Perhaps it's politically wise to have someone who's totally dissociated from NYC politics doing this oversight. But IDK.
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