05/20/2010 04:58 pm ET Updated May 25, 2011

Most Of MTA's $500 Million Overtime Tab "Can't Be Justified"

The Metropolitan Transportation Authority today said it would cut millions of dollars in overtime expenses as part of the authority's ongoing effort to plug a $790-million budget deficit.

The MTA said it would reduce its $560 million annual overtime spending by $22 million this year and $60 million next year, but added that concessions from the transit agency's unions were needed to achieve some of the reductions.

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