As I said below, the Transit Workers Union claims of a $1 billion surplus sounded like funny math and the MTA's information confirms it. According to the article linked above, the MTA has a large operating surplus because it sold assets -- in other words, it has a one-time surplus. Add that to the fact that it is paying down some of its substantial debts and the union's claim of MTA greed now looks like a sham.
The Monk is pleased that a NY judge slapped a $1M per day fine on the union for its illegal strike. Too bad it's not triple that total.