Weather Alert  

"Coastal Flood Statement, Coastal Flood Warning" ...Coastal Flood Warning remains in effect until 11 PM EST this evening... * locations...low lying areas along western Long Island Sound. * Tidal departures...3 to 4 ft above astronomical tides this evening. 2 1/2 to 3 ft above astronomical tides Tuesday morning. * Timing...minor to moderate coastal flooding this evening due to surge and wave action. Localized minor coastal flooding expected with the Tuesday morning high tide cycle due to residual surge. * Coastal flood impacts...flooding of vulnerable Waterfront and shoreline roads and adjacent properties due to height of storm tide and wave action. Inundation of 1 to 2 ft in the lowest lying spots. Road closures may be needed. Isolated structural damage may be observed along the immediate shoreline. * Shoreline impacts...elevated water levels in combination with 3 to 5 ft of surf are expected to cause beach erosion and splashover along the shoreline this evening. Precautionary/preparedness actions... A coastal Flood Warning means that flooding is expected or occurring. Coastal residents in the warned area should be alert for rising water...and take appropriate action to protect life and property. ...Western l.I. Sound water levels for this evening... Coastal............time of......forecast total......flood..... Location...........high Tide.....Water level........category.. ...................................(Mllw/mhhw)................ Kings Point NY.......859 PM....10.0-10.5/2.2-2.6.....Min-mod.. Stamford CT..........821 PM......9.4-9.9/1.6-2.1.....Minor.... Bridgeport CT........818 PM......8.9-9.4/1.6-2.1.....Minor.... Glen Cove NY.........900 PM.....9.6-10.1/1.8-2.3.....Min-mod.. ...Western l.I. Sound water levels for Tue am... Coastal............time of......forecast total......flood..... Location...........high Tide.....Water level........category.. ...................................(Mllw/mhhw)................ Kings Point NY.......911 am.....9.8-10.3/2.0-2.5.....Iso minor Stamford CT..........838 am......9.4-9.9/1.6-2.1.....Iso minor Bridgeport CT........835 am......8.8-9.3/1.5-2.0.....Iso minor Glen Cove NY.........908 am.....9.6-10.1/1.8-2.3.....Iso minor , "High Wind Warning" ...High Wind Warning remains in effect until 6 am EST Tuesday... * winds...northeast 25 to 35 mph with gusts up to 60 mph. * Timing...the strongest winds are expected this evening to just after midnight. * High wind impacts...damaging winds will blow down trees and power lines. Numerous power outages are expected. Travel will be difficult...especially for high profile vehicles and on elevated roadway and bridges. Precautionary/preparedness actions... A High Wind Warning means a hazardous high wind event is expected or occurring. Sustained wind speeds of at least 40 mph or gusts of 58 mph or more can lead to property damage. , "Storm Warning" ...Storm Warning remains in effect until 1 am EST Tuesday... * winds and seas...northeast winds 25 to 30 kt with gusts up to 50 kt. Seas 4 to 7 feet. Precautionary/preparedness actions... A Storm Warning means sustained winds or frequent gusts of 48 to 63 kt are expected or occurring. Recreational boaters should remain in port...or take shelter until winds and waves subside. Commercial vessels should prepare for very strong winds and dangerous sea conditions...and consider remaining in port or taking shelter in port until winds and waves subside. -- Monday Jan.23 17,09:48 PM

MTA Audit Reveals Close to $2 Billion in Unanticipated Funds

State Comptroller Thomas DiNapoli says the unanticipated funds are a result of lower pension contributions, energy costs, debt services, health insurance costs, and higher tax revenues.

Print Email
A New York state comptroller’s audit of the Metropolitan Transit Authority has revealed the agency has around $1.9 billion in unanticipated funds. State Comptroller Thomas DiNapoli says the financial stability of the MTA is stronger than they expected it would be seven months ago.
 
“The good news is that the MTA is in better shape than it’s been in a period of time,” DiNapoli said in an interview to CBS News. “They’ve identified $1.9 billion in unanticipated resources that will be available over the course of the financial plan.”
 
According to DiNapoli the $1.9 billion is a result of lower pension contributions, energy costs, debt services, health insurance costs, and higher tax revenues. He suggests the MTA use these newly found funds for improving service and maintenance, reduce projected budget gaps, and help fund their next capital program. He also says they should shrink the planned 15% fare hike over the next three years.
 
“We’re suggesting to consider reexamining the scheduled increases in fares in tolls,” DiNapoli said. “When you look at how those increases have been implemented, it has exceeded the rate of inflation. We certainly know how hard-pressed riders are that use the MTA facilities, so with an improved outlook, perhaps it’s time to reconsider those fare and toll increases that are scheduled.”
 
The comptroller audit also revealed that tolls have risen faster than inflation over the past six years. Since 2007, the cost of a 30-day MetroCard rose 47%. Fares on railroads increased 32%, and E-Z Pass tolls on major bridges and tunnels rose by 33%. The MTA plans to raise fares and tolls by 7.5% in 2015, and another 7.5% in 2017. This is twice the projected inflation rate.
 
“The MTA’s financial outlook is much improved. While funding the next capital program and improving services are critically important, reducing the size of planned fare and toll hikes must also be considered,” DiNapoli said. “There is plenty of time before the next scheduled fare increase for the MTA to refocus its efforts on reducing waste, which could go a long way toward easing the financial burden on commuters.”
 
[Source: New York State Comptroller Press Release, CBS]