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New York’s MTA Seeks $4 Billion Bailout as Ridership Plummets Over Coronavirus
Wsj.com ^

Posted on 03/17/2020 6:03:44 PM PDT by ameribbean expat

New York’s Metropolitan Transportation Authority has asked for a federal bailout of $4 billion because of the growing cost of the novel coronavirus.

MTA Chairman Patrick Foye, in a letter to New York’s congressional delegation Tuesday, said the authority estimates that it will lose $3.7 billion in fare revenues as ridership has plummeted since the start of outbreak early this month and is expected to stay at a low level for six months.

(Excerpt) Read more at wsj.com ...


TOPICS: Business/Economy; Government
KEYWORDS: bailouts; debt; deficit
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Step right up. It's free money day in DC.
1 posted on 03/17/2020 6:03:44 PM PDT by ameribbean expat
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To: ameribbean expat

I would seem now is the time to do some heavy maintenance.


2 posted on 03/17/2020 6:05:43 PM PDT by ImJustAnotherOkie (All I know is The I read in the papers.)
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To: ameribbean expat

But trains are the way to travel??


3 posted on 03/17/2020 6:06:35 PM PDT by bray (Pray for President Trump)
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To: ameribbean expat

Not in the bill before Congress.


4 posted on 03/17/2020 6:06:42 PM PDT by Steven Scharf
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To: ameribbean expat

I have no doubt the MTA wants that money without 1 single job loss, pension reduction, or administrative salary cut.


5 posted on 03/17/2020 6:06:48 PM PDT by PGR88
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To: ameribbean expat

Furlough everyone and cut your costs, MTA. Isn’t that how it works for most of the people riding the system?


6 posted on 03/17/2020 6:07:32 PM PDT by Alberta's Child ("Oh, but it's hard to live by the rules; I never could and still never do.")
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To: ImJustAnotherOkie

The subway and bus service is dreadful in NYC. They should use this time to fix a bunch of stuff. All the MTA knows how to do is RAISE the fares and LOWER the quality of service. It utterly stinks. If you want to guarantee that you’ll be late to work or an appointment, by all means take the MTA.


7 posted on 03/17/2020 6:09:06 PM PDT by EinNYC
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To: Alberta's Child

Just lock the doors for 6 months and fire everyone.


8 posted on 03/17/2020 6:09:44 PM PDT by oldasrocks (Heavily Medicated for your Protection.)
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To: ameribbean expat

No way - any bailout would be used to fund pensions, etc.

cut costs, cut routes, freeze salaries and benefits, raise fares, reduce fare evasion, kill all the rats, etc.


9 posted on 03/17/2020 6:09:49 PM PDT by sheehan (DEPORT ALL ILLEGALS.)
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To: ameribbean expat

Did we bailout san fran nans homeless “crisis”.


10 posted on 03/17/2020 6:10:11 PM PDT by momincombatboots (Ephesians 6... who you are really at war with)
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To: ameribbean expat

Raise the price of tickets.


11 posted on 03/17/2020 6:11:44 PM PDT by blueunicorn6 ("A crack shot and a good dancer”)
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To: ameribbean expat

Hogs to the trough.


12 posted on 03/17/2020 6:13:12 PM PDT by jdsteel (Americans are Dreamers too!!!)
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To: ameribbean expat

Socialism, folks. And no one is stopping them. Not even Trump.


13 posted on 03/17/2020 6:13:12 PM PDT by CatOwner
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To: ameribbean expat

NYS and NYC’s problem.

Raise taxes on the rich there to get it you lib dullards


14 posted on 03/17/2020 6:13:24 PM PDT by sickoflibs (Elect tough guy Joe: Joe wrote the bill that banned the AR-14s)
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To: EinNYC

The MTA, Kingston Trio: https://www.bing.com/videos/search?q=mta+kingston+trio&view=detail&mid=64FE8ADEEDE0354EF90564FE8ADEEDE0354EF905&FORM=VIRE0&ru=%2fsearch%3fq%3dmta%2bkingston%2btrio%26qs%3dAS%26pq%3dmta%2bkin%26sc%3d8-7%26cvid%3d4A973034D1B6455E9FEF6119BAB3964E%26FORM%3dQBLH%26sp%3d1


15 posted on 03/17/2020 6:13:40 PM PDT by Fungi
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To: ameribbean expat
Step right up. It's free money day in DC.

A nationwide problem now. Gov Newsom of California is kissing up to President Trump big-time. Of course he wants a fed bailout. Same as all other governors. Begging DC for "lost" transportation costs. Screw them, public transport is already heavily subsidized so it was lost taxpayer money; now they want to toss more taxpayer money into a hole.

16 posted on 03/17/2020 6:17:15 PM PDT by roadcat
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To: ameribbean expat

The subway with ground water running through it because of lousy maintenance, that the bums use as a latrine? What a scam.


17 posted on 03/17/2020 6:18:19 PM PDT by txrefugee
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To: ameribbean expat

NO.

Clean your trains NY. Now is your time to shine, your nasty system.


18 posted on 03/17/2020 6:20:07 PM PDT by eyedigress ((Old storm chaser from the west))
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To: ameribbean expat

NAAAH!

The bux would go to union goons who would spend it to destroy President Trump and the USA!

Shutter down, LeRoy! She is sucking mud!


19 posted on 03/17/2020 6:22:23 PM PDT by Taxman ((We will never be a truly FRee people so long as we have the income tax and the IRS!))
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To: ameribbean expat

Just shut them all down... No need for me to chip for the 4 billion...


20 posted on 03/17/2020 6:23:37 PM PDT by SuperLuminal (Where is Sam Adams now that we desperately need him)
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