Rappaport Institute Event -- Managing Through Crisis: Public Transit in New York

Rappaport Institute event with Harvard Kennedy Schoool alumnus Jay H. Walder, Chairman and CEO, New York Metropolitan Transportation Authority (MTA) . Confronted with significant budget problems not long after he became head of the MTA in late 2009, Jay Walder has overseen the most aggressive cost-cutting initiative in the history of the organization, with cumulative savings expected to reach nearly $4 billion by 2014. At the same time, he has pursued long-overdue service improvements and maintained focus on critical capital investments. Despite these efforts, the MTA's long-term operating and capital budgets remain fragile with significant out-year deficits. Achieving fiscal stability for New York's vital transit system - without dramatic increases in government aid - may require fundamental changes in the agency's cost structure. How this issue is resolved not only will have significant implications for the nation's other transit agencies but also for other parts of the public sector as well.

The Rappaport Institute for Greater Boston strives to improve the governance of Greater Boston by strengthening connections between the region's scholars, students, and civic leaders. A university-wide entity housed at Harvard Kennedy School, the Institute pursues this mission by promoting emerging leaders, stimulating informed discussion, and producing new ideas. The Institute was founded and funded by the Phyllis and Jerome Lyle Rappaport Foundation, which promotes emerging leaders in greater Boston. Learn more here: http://www.hks.harvard.edu/centers/rappaport

Category:

Education

Tags:

• Rappaport Institute
• Jay Walder
• harvard kennedy school