RELATED: MTA Describes ‘Draconian’ Cuts Without $ 12 Billion Federal Aid
This is where the breakups of the Georgian Senate could have a huge impact on jobs in our region, as many believe the rescue is tied to the political party that controls the Senate.
“On the financial side, the election of the president-elect is a very positive step,” said MTA President and CEO Pat Foye. “Every schoolboy knows his name is ‘Amtrak Joe’, he has traveled it regularly between Wilmington and Washington, DC, and throughout his career has been a strong supporter of public transit and transportation. common. This is a positive point.
The agency is due to adopt a balanced budget by the end of the year, and the new budget includes a combination of layoffs and service changes aimed at filling a $ 12.2 billion deficit caused by a pandemic until 2024.
The number of riders has dropped considerably since the start of the pandemic and at one point it was down 90%.
Related: MTA In Worse Condition Than During The Great Depression, Officials Say
The MTA has received $ 4 billion in stimulus funds, but still needs an additional $ 12 billion in federal aid, and the agency has continuously called for a bailout from the federal government.
Related: MTA Warns of Nationwide Impact Without $ 12 Billion in Federal Funding
“We have always said that if we did not receive $ 12 billion in federal emergency aid, we would be forced to make drastic cuts and layoffs,” said Senior Advisor Ken Lovett. “As we are required to pass a balanced budget and the federal government has yet to act on another COVID-19 relief plan that would help public transit, we are moving forward hoping for the best, but by preparing for the worst. If federal aid comes through in this amount, we will adjust our spending plan accordingly. ”
The new budget will be discussed on Wednesday and voted on next month, but the bailout – if it happens – likely won’t happen until President-elect Joe Biden takes office.
Many employees may start receiving layoff notices before this date.
Riders Alliance Executive Director Betsy Plum released a statement saying:
“Laying off 9,000 workers and cutting subway and bus services by 40% would cost millions of New Yorkers several hours commute each week and devastate the city for decades. Like never before, New Yorkers are counting on our Congressional champions like Senator Schumer. and Rep. Jeffries to save public transit.
“Not saving transit at this pivotal moment is not an option. If Congress fails to act, the MTA’s apocalyptic budget must be the absolute last resort. As President Foye said, everything must be on the table. Ultimately, Governor Cuomo must do all he can to protect our transit system and New York’s future. ”
Related: Transport Agencies Meet For ‘Mask Force’
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