Governor Hochul Halts Congestion Pricing, Leaving MTA in Financial Disarray

The indefinite pause of the $15 toll plan raises uncertainty over funding for critical transit projects and sparks political turmoil.

• The congestion pricing program was expected to generate $1 billion annually for the MTA, supporting $15 billion in capital investments.
• Governor Hochul's decision is seen as a political move to avoid backlash from suburban voters ahead of upcoming elections.
• The MTA now faces a $15 billion budget shortfall, jeopardizing key projects like the Second Avenue Subway extension and new subway elevators.
• State lawmakers are divided on Hochul's proposed payroll tax hike on NYC businesses to fill the funding gap, with no clear alternative in sight.
• The sudden reversal has caused confusion and frustration within the MTA, with staff and board members expressing dismay over the lack of a backup plan.

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