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NEW YORK (CBS) ― The MTA reportedly is ready to make deep cuts in its budget that could lead to reduced service, layoffs and more crowded trains. Sources tell CBS 2 the association board is preparing a worst case "Doomsday" scenario that will be presented during its monthly meeting on Thursday.
When describing the agency's budget crisis last week, MTA CEO Elliot Sander said, "The word 'Draconian' is not inappropriate."
The bad news may get even worse. In an effort to close an estimated $1.2 billion budget deficit, there may also be longer gaps between overnight stops on all trains and fewer trains during the late morning and early afternoon hours.
That means more crowded trains. And in addition to all of these emergency measures, there's still a good possibility fares will increase dramatically.
Gene Russianoff of NYPIRG 's Straphangers Campaign said, "I can't give you an exact number, just the adjective: whopping. It would be a huge fare hike for the public."