Cutting ?Waste and Inefficiency? Won?t Eliminate the MTA?s Budget Problems

The Independent Budget Office criticized the MTA for relying too heavily on volatile dedicated taxes and fees, but almost all the volatility comes from a single source: property transfer taxes. Image: IBO
Last week, the city’s Independent Budget Office released a report on the MTA’s revenue structure [PDF] which has been getting a bit of play. [...]

Source: http://www.streetsblog.org/2011/08/10/cutting-waste-and-inefficiency-wont-eliminate-the-mtas-budget-problems/

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