While its public standing may be descending to all-time depths, due in part to widespread service cuts and impending fare and toll hikes, the Metropolitan Transportation Authority announced this week that it is set to exceed 2010 overtime reduction targets, saving $54 million compared with 2009 costs.
According to the agency, it originally sought to save $24 million this year in what it deemed unnecessary overtime. In May, the MTA added an additional $22 million to that figure. The $54 million in savings reflects an 11 percent reduction.
“Reducing overtime is a key part of our efforts to use every fare and taxpayer dollar wisely, and I am pleased that we have been able to achieve real results in just a few months,” MTA Chairman and CEO Jay Walder said.
The savings are coming from sub-agencies through a variety of measures. NYC Transit, for example, is projected to save $24 million by identifying workplaces with the highest levels of sick leave, limiting overtime only to critical activities like safety inspections and air-conditioning maintenance and filling vacancies that were creating a high need for overtime. The LIRR and MTA Bridges and Tunnels are expected to save a combined $18 million.
— Michael Cusenza