State comptroller Alan Hevesi -- whose got some problems of his own right now -- is warning that the MTA lacks a sustainable plan to close its budget gaps. He’s even more pessimistic of the agency’s future. He predicts it will have $2.2 billion deficit by 2010. See the report here.
UPDATE: Kalikow responds:
“The report's major points are that there should be no fare increase in 2007 and that the MTA faces severe budget constraints in the coming years. I stated last week that I oppose a fare increase in 2007, and I have acknowledged on many occasions that the MTA faces substantial deficits beginning in 2008. This is a problem that will only be solved with the input, cooperation and assistance of our governmental funding partners.”
-- Chuck Bennett amNY.com
