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How will Gov. Hochul's approval rating change due to handling the MTA budget crisis by Dec 31, 2024?
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Metropolitan Transportation Authority•MTA•New York•Kathy Hochul•Hochul•Albany•New York City•Second Avenue Subway
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Story
MTA Confident Gov. Hochul Will Fill $15B Budget Gap with Unallocated Capital Funding
Jul 30, 2024, 06:20 PM
The Metropolitan Transportation Authority (MTA) has expressed confidence that New York Governor Kathy Hochul will address the $15 billion shortfall in the budget caused by the cancellation of congestion pricing. Initially, the MTA had threatened cuts due to the budget gap. Governor Hochul announced in Albany that the funding will come from unallocated capital funding. This decision follows the legislature's rejection of her proposal to raise taxes on New York City residents while exempting suburbanites. The stopgap measure accounts for only 0.3% of the funding that congestion pricing would have provided, raising concerns about the future of critical projects like the Second Avenue Subway.
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