Suspending the state’s gas taxes could cost the MTA hundreds of millions of dollars, and the agency does not know how it could make up that sudden loss of cash needed to keep running the Big Apple’s subways and buses.
“It’s $400 million the first year if we were to lose the gas tax to the MTA,” said Metropolitan Transportation Authority Chairperson and CEO Janno Lieber Wednesday.
During an unrelated press conference at Grand Central Terminal, Lieber was asked by a reporter whether transit leaders have an alternative source of revenue to tap into if state pols choose to adopt a so-called gas tax “holiday” amid rising prices at the pump.
