Mayoral candidate and former comptroller Bill Thompson had harsh words for Mayor Michael Bloomberg and City Council Speaker Christine Quinn after a report from
the Independent Budget Office highlighted issues with the city budget.
After a review from the city's
Independent Budget Office highlighted steadily shrinking funding toward the MTA signal system — the ancient, frequently failing traffic lights of the subway — Cuomo pledged an extra billion in state money toward the $ 32.5 billion MTA capital plan.