" New York City’s fiscal health was no better than the state of its subways. Lindsay and the city comptroller, Abe Beame, were engaging in a series of fiscal gimmicks to keep the city’s operating and capital budgets afloat. They were trying to satisfy too many constituents by undertaking ambitious capital projects, minimizing fare increases, and providing some of the most generous pension benefits in the nation to municipal employees. Government agencies have two types of budgets: operating budgets and capital budgets. The operating budget pays for day-to-day expenses such as salaries, pensions, and office supplies, as well as ongoing maintenance and basic repairs, such as cleaning buses and filling potholes. The capital budget funds the construction and rehabilitation of the city’s infrastructure and facilities. "

― , Last Subway: The Long Wait for the Next Train in New York City