In the wake of Gov. Kathy Hochul’s decision earlier this week to indefinitely pause congestion pricing, she and state lawmakers have been scrambling to find a
, she and state lawmakers have been scrambling to find a new funding stream for the Metropolitan Transportation Authority’s capital projects before the legislative session ends late Friday.
The money raised from congestion pricing would have funded projects like the next phase of the Second Avenue Subway, upgrading decades-old signaling systems throughout the subway system, and making accessibility upgrades to 39 subway stations and nine Long Island Rail Road stations. Gianaris said state lawmakers are trying to determine if that money can even be used to secure municipal bonds.
Rachael Fauss, the MTA researcher at Reinvent Albany, said that the governor’s plan is currently a “concept” that “doesn’t exist on paper.”
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