May 15, 2003 | Q
Wow — a Manhattan judge ordered New York’s transit authority to roll back last month’s 50-cent fare hike within two weeks due to dishonesty in the process used in helping justify the hike to the public. Apparently, the MTA hid money off the books by shifting it into future annual projections, making its finances look $600 million worse than they really are. The MTA is complaining about how hard it will be to roll back all the equipment; that being said, if the allegations are true, nobody’s going to feel sorry for the predicament the agency put itself in.