"We wanted fair compensation for valued employees," Cuomo says, adding that they did not want to see raised fares.
"We wanted to make sure the fares didn't go up," Cuomo said, adding that they needed to figure out how to pay for changes.
"You had wage progression issues, you had pension cost issues, health care issues, and PEB recommendations for the current employees," Cuomo said, adding that each side had to give up the all-or-nothing mentality.
Next week if there would have been a strike it would have been a very problematic situation, Cuomo says.
I am not a labor negotiator for the MTA or any authority or any agency, Cuomo says. "If there is a crisis, and I can be of help, then I believe that's my role," he adds.
"A strike would have been highly problematic for Long Island," Cuomo says.
"We should hope to have (the deal) ratified by Aug. 15," Anthony Simon, LIRR chief negotiator, says.
"You had to find the savings to fund the PEB," Cuomo says, saying the central question was "Where does the money come from?"
"In my opinion, there was no deal reached until the contract was signed," Cuomo says.
Most intense period of negotiation, according to Cuomo, was from 6 p.m. yesterday to late last night, then resuming early this morning.
"I hope he enjoys it," Cuomo says of NYC Mayor de Blasio's vacation to Italy.
Statements by LIRR lead negotiator Anthony Simon, Gov. Andrew Cuomo and MTA chairman Thomas Prendergast from the press conference: