(Workers tunneling in the 7 Train extension. Photo: MTA)
Stephen Cohen has a nice summary of one of Pataki's worst legacies:
One of the victims of the economic downturn in New York is state support for mass transit. Unfortunately, this is not simply a result of the recent decline in state tax revenues, but rather a long-term trend that was exacerbated by over-borrowing for mass transit during the Pataki era.
(snip)
Unfortunately, under Governor Pataki, the mass transit capital subsidy was sharply reduced, forcing the MTA to use more and more of their budget to pay debt service on transit bonds. Even worse, during the current $6.8 billion state budget crisis, Governor Patterson has further reduced the state's subsidy for the MTA, contributing to the transit agency's $400 million budget gap.
Pataki was a bad example an anti-infrastruture Republican, and it's hard to stomach that now with Democrats in control of all the levers of state government, they're carrying out the same neglect. The last MTA bailout was the ultimate short-term politically pathetic bandaid solution. Either the State has to mandate a minimum amount of expenditure for the MTA in the State Constitution, we need to toll the East River bridges, or implement congestion pricing. Unless the MTA has enough fixed revenue streams to make up for the decline of state and city funding over the past decade, the system will fall into disrepair and its capital plans will be chronically under-funded. Add that the additional infrastructure spending will boost employment, something really should be done. |