Recent Audit Finds MTA Hiding $90 Million in Unaccounted Funds

In an update to the previous post about the MTA in case you were wondering. The NY POST is reporting that the MTA currently is hiding $90 million in unaccounted funds according to a recent audit conducted by New York State Comptroller Thomas DiNapoli. What doesn't the MTA upgrade the MetroCard system to a tap to ride card that can withstand daily use and is more durable, instead of a de facto tax on the poorest subway riders? 

The MTA claims by charging people who buy new Pay-Per-Ride cards a dollar for a new card it will cut down on $10 million dollars in waste. Leaving odd amounts on the card in my opinion is a better way to change people's behavior that is not punitive. Now we learn that the MTA has a $90 slush fund. What's next? 

In case you are wondering is it because have paid former executives 200K to do nothing in the past? Who knows how many former employes at the MTA are drawing Bobby Bonilla money from the system? 

If you google MTA and salary you will find interesting articles that begin like this.

TOP PAY FOR MTA OFFICIALS ADMINISTRATORS SET RECORDS FOR SALARIES.

Top officials of the Metropolitan Transportation Authority have set records for local government salaries with some executives getting low-interest loans, down payments for homes and other lucrative perks. 

MTA's top salaries are far higher than those paid in New York or other big cities, but agency officials and transit experts defend them, saying the private transportation industry pays far more and offers even more benefit packages to recruit the best people. 

Critics suggest the $295,000-a-year salary paid to MTA Chief Executive Officer Roger Snoble is a sign of the agency's desperation.