More than two months after pausing congestion pricing, Gov. Kathy Hochul is working on a proposal to replace the lost funds. She is vague on details but aims to raise $15 billion for mass transit improvements.
Hochul's attempts to tweak previous proposals failed to gain legislative support for raising payroll taxes on city businesses and reallocating funds from the state's general fund.
Replacement funding for mass transit is expected in next year's state budget. Hochul assures the public of this but has not shared specific plans, maintaining the pause is temporary.
The pause on congestion pricing announced on June 5 caused the MTA to halt planned modernization work, including signal upgrades and system improvements.
#governor-hochul #congestion-pricing #mass-transit-improvements #mta-modernization #legislative-support
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