Pausing the congestion pricing opened up a $15 billion deficit in the MTA’s current capital plan and deferred signal upgrades, subway renovations, accessibility projects and purchasing 250 electric buses; it did however enable continued embezzlement, corruption and inefficiency that have marked the MTA for decades. The MTA’s next five-year $65.4 billion capital budget is also at risk as nearly half of it is unfunded. The transit provider is seeking to rehabilitate aging structures after years of neglect and improve service to attract more riders to its system of subways, buses and commuter rail lines.
Hochul’s revised plan would initially slash the prior tolling structure by 40%, with E-ZPass motorists paying $9 rather than $15 to drive south of 60th Street during peak hours, according to the people familiar.