The MTA is at it again!

The MTA is planning on budget cuts. The MTA's CFO told the LIRR, Metro North and NYC transit that they need to detail ways to cut 4.5% from the budget in the event the economy deteriorates in the coming years. Instead of targeting low-level employees, the agencies mentioned were urged to look at management level budget cuts. There may be a backlash because budget cuts equal service cuts says the MTA. Furthermore an approved option is to begin charging the NYPD, FDNY, and other agencies for use of the E-Z pass. Officials stated that there is no low preventing city agencies from being charged. However the FDNY objects saying that they do not want to be caught at a crossroad where there deciding to pay a $3M bill vs. getting new equipment to do the job better. I am a firm believer in using mass transportation. Mass transportation is my lifeline. More people should use the subway and bus system especially if they live in Manhattan.
I really don't understand why every few quarters the MTA decides they need to talk about the budget. With over one million people riding the subway per day at $2 per ride that $2M per day. And that's probably the minimum. Since the MTA is a private entity I look at it as corporate fat cats getting hungry. Although in this particular story they are planning budget cuts, the service will ultimately be affected. In addition the MTA is $27B in debt. How could a company in such debt continue to pay their corporate employees high salaries with raises and bonuses?
I think the state should subpoena the MTA's documents and audit them. The fare continues to go up while service quality goes down.