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What will be the primary alternative funding source for MTA's $15 billion shortfall?
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Resolution / Starting Odds
State Bonds • 33%
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Private Investment • 33%
MTA financial reports or official press releases
Story
Governor Hochul Indefinitely Pauses Manhattan Congestion Pricing, Impacting $15 Billion MTA Funding
Jun 30, 2024, 12:33 PM
Governor Kathy Hochul's decision to delay congestion pricing in Manhattan has significant implications for New York's transit system. The congestion pricing plan, set to start on June 30, 2024, was expected to generate billions of dollars for the New York subway system and support the state transit agency's 2025-2029 capital plans. The delay, announced at the eleventh hour, has left millions of New Yorkers facing traffic congestion and transit delays. The plan's indefinite pause also puts at risk $15 billion in funding for the Metropolitan Transportation Authority (MTA) and wastes $500 million in already installed tolling infrastructure.
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