Photograph by Mao Says What on Flickr In the first State of the MTA Address, MTA CEO and Executive Director Elliot Sander mentioned the agency would invest an additional $30 million in more subway service, new and extend bus service in the city and additional commuter trains for LIRR and Metro-North. Now the Daily News finds out the MTA probably won't be able to do so, thanks to the faltering economy. The MTA said,......

Photo of a snowy 7 line by gmpicket on flickr If you actually believed the recent fare hike would go toward service improvements on city subways and buses, the MTA has a bridge to sell you. Due to a slowdown in real estate tax revenues, the agency said yesterday that it would have to postpone any planned service improvements promised to come with the fare hike. Despite already projecting a decrease in tax revenue,......