In a New York Times article published last Wednesday, the Metropolitan Transportation Authority confirmed that it hoped to make cuts of $20 million to bus and subway services in 2007. MTA Chairman Peter Kalikow later said he did not see the cuts taking place until after 2007 because tax revenues and commuters had increased more than previously predicted. But the looming cuts could mean a 5 percent increase in transit fares and longer waiting periods for buses and subways. The MTA said that the proposed 2007, now 2008, decrease in subway service alone would save an estimated $4.96 million in the first year. How about instead of cutting any subway service, Governor George Pataki redirects the $5 million he recently pledged to restore the Bryant Park location of the New York Public Library? Not a bad idea, considering not many New Yorkers will be able to appreciate the snappy new renovations if they have a more expensive, longer commute to Midtown.