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Thread: NFTA Broke.

  1. #1
    Member cheekman's Avatar
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    NFTA Broke.

    More money from the state, and the state is broke NFTA.. All financial reserves are drained.

    This is good, and how many years has this agency burdened the taxpayers in this area.

    The authority’s reserve fund, which comes from county mortgage taxes and originally earmarked for capital projects, has dried up following about 20 years of being tapped to balance the operating budget. Chief Financial Officer John Cox said the loss causes him to “lie awake at night” worrying how to respond to unforeseen expenses, and he Warned that state assistance must be increased to allow reinstatement of the fund.
    She needs to go along with good clean out of big shots.
    This all amounts to what Executive Director Kimberley A. Minkel called a “death spiral” that could start with service reductions, less funding, and then even further service reductions.

    they need new money to blow..The NFTA is now expected to enlist the help of its Albany lobbyists and area state legislators in convincing budget planners of the need for significant new money. Zemsky, a confidant of Gov. Andrew M. Cuomo, said the requests make good financial sense and do not represent anything “pie in the sky or unreasonable.”
    God must love stupid people; He made so many

  2. #2
    Member NY The Vampire State's Avatar
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    Raise the fairs. They got no problem raising the fuel taxes for us who choose not to use public transit.
    Democrats & Republicans Suck Alike.

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    Quote Originally Posted by NY The Vampire State View Post
    Raise the fairs. They got no problem raising the fuel taxes for us who choose not to use public transit.
    It has been killing the people in WNY over the years with taxes that go to them and they are always broke.
    2010 Pistol Championship
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    Quote Originally Posted by monkeyman View Post
    It has been killing the people in WNY over the years with taxes that go to them and they are always broke.
    Lets face it, the NFTA is basically another social welfare program. Its there to get people around who can not afford to own a car and it's done at a cost from those who don't use the system. They won't touch the fairs because thats just like cutting welfare benefits. Its not good for gaining votes.
    Democrats & Republicans Suck Alike.

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    Quote Originally Posted by monkeyman View Post
    It has been killing the people in WNY over the years with taxes that go to them and they are always broke.
    I'm sure the buses that are often seen empty or with 1 or 2 people driving out to the sticks are a drain on their system.

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    Quote Originally Posted by Dan Roman View Post
    I'm sure the buses that are often seen empty or with 1 or 2 people driving out to the sticks are a drain on their system.
    Disregard, i just found the drain on their system http://seethroughny.net/public-authorities/

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    Member dtwarren's Avatar
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    I own I am not a friend to a very energetic government. It is always oppressive. Thomas Jefferson
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    Member BorderBob's Avatar
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    They will close the airport. That will get their attention.




    b.b.

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    Red face

    Just another tax subsidized patronage rich group of blood suckers - let em sink.

    Let it go to the highest bidder - sell off all the prime realestate they been hording !
    #Dems play musical chairs + patronage and nepotism = entitlement !

  10. #10
    Member granpabob's Avatar
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    they could sell off the outer harbor or some of their other land holdings and balance the books
    One good thing about growing old is your secrets are safe with your friends they can't remember them either

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    Member FMD's Avatar
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    They will do none of that because like everything else, the state will use it's perceived authority to use threats of lethal force against tax payers to extract more money from taxpayers who have become nothing more than a disarmed group of slaves who have zero recourse against an out of control, dominating lethal government.

    Welcome to America, now bend over
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    Every time they run a bus or a train they lose money. Why is the fact that they're broke surprise anyone.

  13. #13
    Member dtwarren's Avatar
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    Quote Originally Posted by grump View Post
    Every time they run a bus or a train they lose money. Why is the fact that they're broke surprise anyone.
    I disagree with this statement. Back in 2011 they threatened cutting 22% of service to save only 14% of their total budget. If the above statement were true It should be in the other direction. BTW in 2011 they were facing a $14.7 million dollar deficit. It has been estimated that the NFTA Police represent $10 million of their annual budget.
    I own I am not a friend to a very energetic government. It is always oppressive. Thomas Jefferson
    https://restore-representation.org/

  14. #14
    Member NY The Vampire State's Avatar
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    Quote Originally Posted by dtwarren View Post
    I disagree with this statement. Back in 2011 they threatened cutting 22% of service to save only 14% of their total budget. If the above statement were true It should be in the other direction. BTW in 2011 they were facing a $14.7 million dollar deficit. It has been estimated that the NFTA Police represent $10 million of their annual budget.
    There was talk about folding the police department a few years ago but the unions cryed big time. It needs to happen, budget problem solved.
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    The NFTA is a drop in the bucket,,, I encourage everyone to see how screwed governments in the US are. It is to the tune of Trillions of liability short fall.

    It is a HUGE debt bubble.

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