Senate Still Gridlocked on M.T.A., Preparing to Blow Deadline

ALBANY—Here’s the latest spin by state senators opposed to the M.T.A. rescue package currently on the table: blowing the March 25 deadline will give them more time to bandy about random ideas.
“Deadlines are arbitrary dates set by people that have things to hide,” State Senator Carl Kruger, who is adamantly opposed to tolls, told me. His idea to generate revenue for the M.T.A.: use bridges over the East and Harlem River as collateral, borrow $4.25 billion against them, give $1 billion to the M.T.A. and invest the remainder in the state’s common retirement fund and use the return – it’s “conservatively” pegged at 6.

Senate Still Gridlocked on M.T.A., Preparing to Blow Deadline