NYMTA goal: $3.8 billion in cost cuts by 2014
Written by William C. Vantuono, Editor-in-ChiefNew York’s Metropolitan Transportation Authority on Friday released an agenda for 2011 that it said “continues a fundamental re-shaping of the MTAthat includes cost-cutting that will result in cumulative savings of $3.8 billion by 2014; and customer service improvements begun last year such as countdown clocks and implementation of systemic changes.”
MTA Chairman Jay H. Walder (pictured at left) said that in pursuing the goals set in lastyear’s “Making Every Dollar Count” agenda, the agency has identified $525million in annual savings through an emergency overhaul of the way the MTAdoes business.
He added that “despite historic budget austerity, the agency delivered anumber of long-promised benefits to customers: activation of countdownclocks at more than 100 subway stations; bringing security cameras online;overhauling the MTA website; and demonstrating the promise of bus servicethrough a series of travel innovations that have significantly increase busspeeds.”
