Comptroller advises MTA to cut management costs instead of raising fares
The MTA is making efforts to dig out of deficit. Proposals include fare hikes and service cuts in the Bronx and throughout the city. Now one state official says a primary cause of the funding shortage is poor cost-cutting efforts. State Comptroller Alan Hevesi said the MTA is facing a growing financial crisis because it borrowed more than it could afford and failed to find other sources of savings. MTA officials say they are facing a $1.4 billion budget shortfall in 2006 without additional state and city aid. Hevesi said the current proposals for fare increases would cause more damage than good. He suggested the MTA cut back on agency and management costs instead of raising fares. Hikes proposed so far this year include a $14 increase to monthly Metro Cards and a $3 increase to weekly cards.