Friday, May 21, 2010

How New York City transit watches its pennies

Here's how a public monopoly saves money compared to its profit making predecessors.

"The MTA Bus Company was created in 2004 to absorb seven private companies operating under franchises from the New York City Department of Transportation...

A new audit claims that New York City Transit and the MTA Bus Company spent millions of dollars on jet fuel to power busses instead of cheaper, lower grade fuel that would power the vehicles...

Comptroller Thomas DiNapoli says the MTA Bus Company’s records showed unexplained discrepancies in fuel delivery, quality and usage."

Let government run an enterprise and watch expenses and corruption really take off.

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