Saving Billions

The Story


Read more at nypost.com
Photo: Spencer Platt/Getty Images

Millions of people ride New York’s buses and subways every day, and they know that the Metropolitan Transportation Authority has major problems. But fixing those problems is expensive, and the MTA is already tens of billions of dollars in debt. If the MTA is willing to make some tough choices, though, it could save $10 billion over the next 10 years.

The Facts You Need to Know

  1. Negotiate: The MTA needs big savings in employee health care, pay, and benefits, but current negotiations are souring. Read more.

  2. Change: The MTA could save more than $1 billion by better managing its dealings with outside contractors. Read more.

  3. Rules: Loosening rules on prevailing wages and productivity could save billions. Read more.

“Don’t let politicians tell you that it’s impossible for the MTA to save money—not only is it not impossible; it’s not that hard.”

Nicole Gelinas, Manhattan Institute senior fellow

Twitter Take

The Past is Present

Transit for Tomorrow By Nicole Gelinas (City Journal 2009)

“The MTA’s labor costs are crowding out money for a twenty-first-century system.”

And in other news...

“The de Blasio administration plans to ram through another $43 million in ferry purchases for its money-pit fleet — in the face of objections from the city’s fiscal watchdog.”