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April 23, 2003
NYC readers probably have already
NYC readers probably have already heard this, but others might be interested: city and state auditors have discovered TWO SETS OF BOOKS at the MTA -- the one with the public budget, and the one with the secret budget. So when everyone was scratching their heads during the fare hike debate wondering "what happened to last year's surplus?", the MTA bigwigs knew the whole time, but were keeping everything secret. Amazing.
Update: Here's NY Comptroller Havesi's official report, "An Examination of the Finances of the MTA" [pdf].
So the MTA joins Adelphia, Enron, Catherine Martell, and several others who've kept two sets of books.
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posted by adm at 11:53 AM | #
