New York City’s transit agency is warning of financial pressures to its operating budget after Governor Kathy Hochul’s paused a congestion pricing plan that would have directed billions to transit infrastructure.
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NYC Congestion Pricing Pause Puts Over $15 Billion in MTA Projects at RiskThe decision to delay New York City’s congestion pricing plan risks leaving the Metropolitan Transportation Authority with a bigger budget hole than originally thought. The agency has warned bondholders that it may have to postpone more than $15 billion of infrastructure projects to make up for the huge deficit.
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NY’s MTA Seeks Behavioral Expert to Combat Record Fare EvasionNew York’s Metropolitan Transportation Authority is now looking beyond physical barriers and police presence to reduce fare evasion, which may cost the transit provider as much as $800 million this year.
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New York’s MTA Braces for Higher Borrowing Costs With Toll HaltWhile delaying New York City’s congestion pricing initiative blew a $15 billion hole in the Metropolitan Transportation Authority’s capital program, it also may strain the transit agency’s operating budget.
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NY MTA Will Shrink Infrastructure Program After Congestion Pricing PauseNew York’s Metropolitan Transportation Authority will be forced to cut its capital budget after Governor Kathy Hochul paused the implementation of a congestion pricing program that would have brought in $1 billion a year for projects.
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NY Lawmakers Scramble to Find Funding Source for MTA Hole(Bloomberg) -- New York lawmakers are scrambling to come up with a funding source to help plug a $1 billion-a-year hole created by Governor Kathy Hochul’s...
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This artist captures the secret world of plants in spectacular detailSara Angelucci. Detail of May 22 (Common Poppy, German Chamomile, Common Mugwort, White Garden Snail, Wall Barley), 2023.
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