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MTA finds another $18.5 million in savings.


Another $18.5 million down, still more than $300 million to go.

The Metropolitan Transportation Authority has taken another slice out of its latest deficit, $378 million, by renegotiating contracts with the companies that transport the disabled and sell them rail, bus tires and other goods.

The transit giant’s Chief Operating Officer Charles Monheim announced the savings today in the MTA’s Manhattan headquarters.

That $18.5 million, by the way, is just the savings in 2010, which, of course, is well under way. Over the next few years, they’re expected to save $70 million, Monheim said.

How did they get companies to agree to lower prices on contracts already signed? Monheim said it was impressed upon the companies that the strapped MTA needs help holding its $11 billion budget together. These types of requests, he said, are becoming common in the business world.

And MTA Chief Executive Jay Walder wants to run the MTA like a more efficient business.

Last week, it was $40.5 million cut by putting off renovations on employee areas of places like the Henry Hudson and Verrazano-Narrows bridges and holding off on replacing cars, SUVs and trucks that workers use.

There’s a long way to go. MTA Chief Executive Jay Walder has said he wants to do it all without raising fares. But cutting the rest, when they’ve already scaled back subway and bus services, laid off hundreds and are still cutting administrative costs will be tough.

Read more about this in Wednesday’s Journal News/lohud.com.

This entry was posted on Tuesday, April 13th, 2010 at 4:42 pm by Ken Valenti. You can follow any responses to this entry through the RSS 2.0 feed.
Category: Jay Walder, MTA


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Going Places is your online source for shortcuts and news on the ins and outs of getting around the Lower Hudson Valley. We'll help you deal with traffic tie-ups, bad drivers and the high cost of commuting.

Going Places is written by transportation writers Khurram Saeed and Ken Valenti. Khurram's transportation column, "Getting There," runs Wednesdays in Rockland. Ken's column, "Going Places," runs Mondays in Westchester and Putnam. Join in the conversation and share tips on coping with fellow commuters.


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About the author
Khurram SaeedKhurram SaeedKhurram Saeed has been reporting for The Journal News since 2000. He writes about transportation issues in Rockland and has a weekly column called Getting There, which appears Wednesdays. READ MORE

Ken Valenti Ken Valenti Ken Valenti covers trains, planes and automobiles - not to mention buses and ferries - for Westchester and Putnam. He's been a reporter with The Journal News and its forerunners more than 20 years and has covered all four corners of Westchester County. READ MORE

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