Green city

The MTA is funded both by property taxes and by ridership, yet is still a money losing venture. Part of the reason for this is that it is serving neighborhoods with a lot of automobile owners. Unfortunately, it is serving them poorly. To address this problem, more funding is needed for subsidized express bus service and subway improvements (e.g., upgrades to the G line, a second avenue subway line).

With real estate prices dropping for the first time since the early 1990s, property taxes are no longer sustaining these subsidies. This is going to either force the MTA to cut its already poor service to underserved parts of the city, or to cause further delays in maintenance.

Crime is up, particulate matter is up (especially the small particles that cause lung cancer), and services are being gutted. With the rental market softening now, NYC needs to attract more first time residents, especially homeowners, by cleaning the air, improving recreation, and strengthening mass transit.