NYC Congestion Pricing Plan Shelved Indefinitely, M.T.A. Budget Uncertain

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Source: The New York Times
NYC Congestion Pricing Plan Shelved Indefinitely, M.T.A. Budget Uncertain
Photo: The New York Times
TL;DR Summary

The suspension of a congestion pricing toll plan by Governor Kathy Hochul has left the Metropolitan Transportation Authority (M.T.A.) facing a $15 billion gap in its budget, jeopardizing crucial upgrades and repairs to New York City's transit system. The governor may temporarily use state reserves or propose a tax on NYC businesses to fill the gap, but legislative approval is uncertain.

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