May 5, 2009
STATEMENT FROM GOVERNOR DAVID A. PATERSON
“An agreement was reached today on a comprehensive solution to the MTA’s worsening financial condition. Today’s agreement will allow commuters to avoid the painful service reductions approved by the MTA Board earlier this year, and dramatically reduces the proposed fare and toll increases. This legislation will also allow the MTA’s critical infrastructure rebuilding program to continue unimpeded at least through the end of 2011. Further, important additional measures have been agreed upon which strengthen the governance of the Authority, increase its transparency and accountability and will bolster the public’s confidence in the MTA.
“I would like to thank Senate Majority Leader Malcolm Smith and Assembly Speaker Sheldon Silver for their tireless leadership throughout this process. I also want to thank Dick Ravitch for his invaluable and dedicated public service to all New Yorkers.”
