The Metropolitan Transportation Bureau is smoking. If it does not urgently inject cash again, then the emergency cuts will lash out at the city as if it were trying to stand up again.
The importance of New York to the national economy makes Congress obliged to help-but the unions of cities, states and MTAs must also be strengthened.
Due to the loss of fares and the decline in special tax revenue, the pandemic cost the Transport Bureau about $10 billion. It hopes to get $3.9 billion in new emergency federal funds-otherwise it may have no choice but to close the entire subway line and lay off employees.
This will mean that the trains that continue to travel will be more crowded, which will bring greater risk of coronavirus-this is also one of the reasons for the collapse of cities and states no matter how much, it also needs to invest a lot of money.
The city’s independent budget office predicts that the agency’s tax revenue alone will be $2.7 billion less than expected before the pandemic. So far, although the number of passengers there is better than the situation on the subway, it currently does not collect any cash from the bus fare. It actually shelved all expansion and upgrade work, but this hardly made up for the deficit.
The US House of Representatives passed a $1
Governor Cuomo, Mayor de Blasio, Assembly Speaker Carl Heastie, State Senate Majority Leader Andrea Stewart-Cousins and City Assembly Speaker Corey Johnson cannot stand by and hope the Fed will take care of everything.
The MTA union also does not want to be hurt. One of them, ATU Local 276, is fighting for the same salary increase as TWU Local 100 last year.
It doesn’t matter: layoffs seem to guarantee that unless the workers agree to save some kind of cost through minimal work rule reforms. The clear prospect of a substantial increase in productivity is the best way to persuade suspicious US senators to receive bailouts.
Now is the time for every stakeholder to step up their efforts.