The New York Times writes:
"Plummeting tax and fare revenues that have been
depressed further by the ailing economy could increase
the Metropolitan Transportation Authority’s budget deficit
this year by $650 million, according to a new estimate
made public on Monday.
If the doomsday forecast is borne out,
the authority’s deficit this year
could grow to nearly $2 billion."
In other words, this picture will not look any prettier soon.
Is it time to leave this sinking ship?
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