PRESS RELEASE
PARTNERSHIP FOR NEW YORK CITY
New York, New York
February 26, 2009
press release (PDF 108K)Statement From Kathryn Wylde, President & CEO of the Partnership for New York City, on Speaker Sheldon Silver's Position On Ravitch Commission Recommendations
“The Ravitch Commission put forward a fair and balanced plan for funding the region's mass transit system. On Wednesday, Speaker Sheldon Silver led the Assembly Democrats toward a position that generally adopts the Ravitch formula, requiring employers, straphangers and drivers to all contribute to the costs of maintaining and upgrading the system. We congratulate the Speaker on his effective leadership in moving toward a reasonable solution that will avoid a major increase in fares. We urge Senate Majority Leader Smith and his membership to follow suit so that the MTA funding issues can be resolved and the larger state budget issues can be addressed."
About the Partnership for New York City
The Partnership for New York City (www.pfnyc.org) is a network of business leaders dedicated to enhancing the economy of the five boroughs of New York City and maintaining the city’s position as the center of world commerce, finance and innovation.