New York, NY —
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.