MTA

Here's another wake-up call for state legislators dithering over a transit funding package: The sinking economy continues to choke off revenues for New York City's subways and buses. The MTA finance committee announced this afternoon that the agency's budget gap is $621 million bigger than previously forecast. That's on top of the $1.2 billion hole that brought about the imminent doomsday fare hike and service cuts. The culprit? Plummeting revenue from dedicated taxes, fares, and tolls.

While Majority Leader Malcolm Smith insists he can round up enough votes to pass the latest Senate MTA rescue plan, The Daily Politics reports that Bronx Assemblyman Peter Rivera participated in a rally today outside City Hall in protest of the proposal's $1 taxi surcharge, a facet of the bill that has also drawn fire from Mayor Bloomberg.

Just days after saying he would keep his MTA rescue advocacy efforts behind the scenes, Mayor Bloomberg today criticized the Senate's latest toll-free plan. The Daily Politics has quotes from a morning Q&A session:

So, just in time for Earth Day, the State Senate has proposed an MTA rescue plan that's bad for both business and the environment. Here's a refresher on the basics: The plan calls for an eight percent hike in transit fares and existing tolls, and a higher payroll tax (85 percent of the non-hike revenue comes from this one source), combined with a smattering of fees on renting and owning cars. Half of the $190 million from a new $1 "drop charge" on cabs won't even help the New Yorkers who pay it, going instead to fund bridge and highway projects outside the city.

Senate Majority Leader Malcolm Smith has come out with another MTA funding proposal, which again gives commuters who drive across East and Harlem River bridges a free pass. The $1.76 billion it would generate annually for the MTA falls more than $300 million short of the projected revenue from the original Ravitch plan ($2.1 billion). Liz Benjamin at the Daily Politics has the details:

The ballroom of the Waldorf Astoria is packed right now for the RPA's 2009 Regional Assembly, where Richard Ravitch just accepted a lifetime achievement honor. Many luminaries from the worlds of transportation, planning, and politics are here, and I've got a few minutes to post some interesting exchanges from earlier in the day, so here goes.

State legislators are about to head home for the Easter and Passover holiday, leaving transit riders to twist in the wind a while longer without an MTA funding plan in place. Martin Malave Dilan, chair of the State Senate's transportation committee, gave Politicker's Jimmy Vielkind one last debriefing before the legislative break:

One of the more common excuses we've been hearing from local pols during the current MTA crisis is that "service never improves," so why bother to fund transit? Set aside, for the moment, the fact that subways and buses are moving way more New Yorkers than they did just a few years ago. Courtesy of the Tri-State Transportation Campaign, here's an interesting case study of service actually getting worse and why it happened.

State Senator Andrew Lanza called this afternoon in response to yesterday's post about his MTA rescue stance. He first took issue with the characterization of Senate Republicans as "refusing to budge" on a transit funding plan, saying that his conference has effectively been shut out of the process. "If they wanted to come forward with an MTA rescue package," he said of the Democratic leadership, "there's not a thing a Republican can do."