From the Daily News:
Transit workers appear poised to win a generous contract with healthy 4% annual raises and lower health care contributions that could blow a huge hole in the MTA's finances, sources tell the Daily News.
Despite recent fare hikes and the punishing recession, transit union officials argued that they deserve a 12% hike over three years, partly because city employees have received similar increases.
A three-man arbitration panel is expected to announce the terms of the new contract for bus and subway workers as early as Monday or Tuesday. The expected annual raises of about 4%, 4% and 3.5% would increase Metropolitan Transportation Authority costs by more than $400 million.
Photo from the NY Times