MTA Expected to Approve More Service Cuts Today

As Yogi Berra would have said, it's deja vu all over again. Just seven months ago state lawmakers said they had rescued the MTA from a crippling deficit and riders from steep fare hikes and severe service cuts. But Dale Hemmerdinger, who was MTA chairman at the time, warned reporters a few days later it wouldn't be easy:

HEMMERDINGER: Can you predict the future? Can we predict the future? No, we'd like to make it hold. we will do everything we can to make it hold.

REPORTER: This morning, his worst fears have come to pass. The full board of the MTA is expected to approve a series of service cuts to plug a new budget deficit anticipated for next year. Joining us to explain how the MTA's finances deteriorated so quickly is WNYC's transportation reporter Matthew Schuerman.

To see a timeline of how quickly the MTA's budget unraveled, as well as more WNYC coverage of the MTA, please click here.