Deficit may force cuts in NYC subway, bus, rail

September 23, 2008 9:08:28 AM PDT
New York City transit officials say cuts in subway, bus and commuter rail service may be necessary to deal with a nearly $900 million deficit. The cuts would come as the Metropolitan Transportation Authority seeks to raise fares and tolls.

MTA Chief Financial Officer Gary J. Dellaverson says he has directed the heads of various agencies to come up with alternative budgets in case the economy is "worse than predicted" or state and city funding fails to appear.

He told the divisions that run the subways, buses and commuter rail roads that they must cut about 4.5 percent of expenses.

He said cuts should target management-level expenses before affecting services.

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