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Jun 23, 2008 9:52 am US/Eastern

MTA Expected To Vote On Budget Cuts

Reporting
Jay Dow

NEW YORK (CBS) ― A booming budget deficit and vanishing financial aid continue to jeopardize the MTA's short and possibly long term projects, and according to sources, the Agency is now considering a $2 to $3 billion cut in the capital plan.

Station improvements such as paint jobs and signal upgrades may be cut. However, straphangers in Manhattan and Brooklyn would bear the brunt of the cutbacks.

"We're being squeezed from the gas to the MTA to everything," said Cheryl Miller from the Upper West Side.

"I personally feel the MTA is making too much money as it is, cause it is going to keep raising prices and everything is still going to stay the same, like, they're not going to improve the subways," Kew Gardens resident Matthew Brooks said.

News of the proposed budget cuts are just another bad note in what's turning out to be a rather depressing tune. The MTA is already considering a fare hike for the second consecutive year.

"Everything you now got to pay for is going up anyway. MTA rides, all of that is a problem," said Bed-Stuy resident Atika Greene.

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