From the Daily News:
The MTA will cut weekend subway service even if it gets a state bailout, officials said Monday.
And, for the first time in six years, the number of weekday riders dropped 2% in January, suggesting job losses have begun to thin the throngs of straphangers riding the rails.
Real estate tax revenues this year are $75 million below already scaled-back budget expectations, Metropolitan Transportation Authority officials said.
If the pattern continues through December, the MTA faces a $651 million budget gap - even if whopping fare hikes and other severe measures go into effect later this year.