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NICOLE GELINAS

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HOW DE BLASIO IS GUARANTEEING FUTURE SUBWAY DELAYS

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Published May 10, 2015, 9:55 p.m. ET
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MORE FROM: NICOLE GELINAS


 * SOME HOLIDAY CHEER FROM — AND FOR — MAYOR ADAMS, THANKS TO FIFTH AVENUE


 * CRAZY CHIPOTLE SENTENCING SHOWS DEMOCRATS THINK THERE'S NO DIFFERENCE BETWEEN
   JAIL AND WORK 


 * MAYOR ADAMS' HOTEL-FOR-MIGRANTS MONEY PIT


 * RAUCOUS 'PRO-PALESTINE' PROTESTS ARE KILLING NYC'S RECOVERY


 * HERE'S HOW YOU CAN SAVE MONEY WITHOUT CUTTING COPS, MAYOR ADAMS

Mayor de Blasio had a shocking experience on a downtown subway platform last
week. His train never arrived. This, as New Yorkers will tell you, happens. But
the decisions the mayor is making with the taxpayers’ money mean that future New
Yorkers will confront this type of crisis far more frequently — and with no
police detail to bail them out.

The mayor unveiled his budget last week — and on the surface, it’s mostly good
news.

Yes, New York will spend $79.9 billion during the fiscal year that starts July
1, including $59 billion in city taxpayer funds (the rest comes mostly from the
feds and Albany). That’s a 6.6 percent increase in taxpayer spending from the
final Bloomberg budget — even though inflation’s only run less than 1 percent
since then.

But we can afford it: The city’s economy is doing great. Over the past decade,
more people have moved to New York than have moved to Boston, San Francisco,
Seattle and Washington, DC, combined. And New York has a record number of
private jobs — surpassing our ’60s heyday, before the ’70s crisis hit.

And since Wall Street keeps doing so well, minting nice profits for the 1
percent, tax revenues are up, too — $843 million higher than the mayor expected
three months ago.

So we have a tidy surplus — about $3 billion. And give the mayor some credit:
He’s not blowing it all.

De Blasio will sock away $1.8 billion in reserves for a future downturn. City
agencies are doing a few small things to be more efficient. The medical examiner
plans to save a few hundred thousand dollars by cutting overtime — and
hopefully, the customers won’t complain.

The mayor says he’s being so prudent for a good reason: He wants to make
“targeted investments” in growth, including investing in the subways.

As de Blasio said, London is in the middle of building a $23 billion rail line
that will increase capacity by 10 percent — and we should be doing more stuff
like that (if we don’t, there’s no way we can keep adding people and tax
dollars).

The mayor’s similar — if more modest — idea is a Utica Avenue subway in
Brooklyn.

The problem is, though, that de Blasio’s actions are nowhere near enough to get
anything built.

Consider: In his budget, the mayor made a big deal about increasing the city’s
annual contribution to the state-run MTA to $629 million over the next five
years, from a planned $500 million.

This money will pay for new subway cars and buses as well as some track work.

But it won’t even pay for most of that work — which will cost $4.2 billion. It
sure won’t help the MTA build something new, London-style. The MTA does want to
start work on the next few stations of the Second Avenue Subway — but it doesn’t
have a dime for the $1.5 billion it will cost over the next five years. The
mayor’s new contribution doesn’t help here, since the MTA was already expecting
it.

Oh, and the only way de Blasio can make the extra cash work in his 10-year,
$83.8 billion budget for investing in things like trains, school buildings and
water treatment is to slash the MTA’s take starting in 2021 — to $40 million.
This budget gimmick is common practice — but so is ignoring our critical
physical assets like subways.

But it’s not like the subways will have built themselves by then.

Worse: Because of bad state politics, much of the MTA’s investments are going
outside of New York City.

Thanks to Gov. Cuomo and past governors, 72 percent of the MTA’s hoped-for $5.5
billion in new transit projects over the next five years will go to projects
that serve mostly suburbanites: bringing the Long Island Rail Road to Grand
Central, and bringing Metro-North to Penn Station.

What’s de Blasio’s solution? Get more federal funding. He said that London is
only building Crossrail because it has a “national government that [is] truly
[a] partner.” But — fair or not — Washington is just not going to give the
richest city in the country more billions for transit.

So if de Blasio does want to make a lasting investment in the city, he’s going
to have to do it himself. Which means being honest about the fact that we just
can’t afford to spend $18 billion every single year — the cost of two new
subways! — on pensions and health care for city workers.

Until then, he’d better keep his police detail waiting.




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