Tuesday, December 15, 2009

Hard Times

Remember a few months ago the MTA averted doomsday when the state bailed it out? Well, it turns out it wasn't enough. Revenues have come in well below expectations and now doomsday is back. There will be nasty service cuts in 2010 and there's basically nothing that can be done now to avoid it.

But it's not just straphangers who are having it rough. As I accurately predicted right after his narrow re-election, things aren't going so smoothly for Mayor Bloomberg. His proposal to turn the Kingsbridge Armory in the Bronx into a shopping mall was overwhelmingly defeated by the City Hall. He was threatening to sue the Manhattan DA over money in its accounts it says needs to go into the city's coffers -- and then had to retreat. And there have been other setbacks for the man who has it all.

So it looks like 2009 is going to end as one of the roughtest years for NYC in recent history -- rich and poor alike. Let's wish all of us a better 2010.

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