Hochul, Albany lawmakers scramble to find new funding stream for MTA after pausing congestion pricing

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 new funding stream for the Metropolitan Transportation Authority’s capital projects before the legislative session ends late Friday.

Assembly Speaker Carl Heastie, during a Friday afternoon news briefing, said his conference is weighing how to raise revenue for the MTA in the absence of congestion pricing. The tolling program was designed to raise $1 billion in annual revenue by charging drivers entering Manhattan below 60th Street a $15 toll, which would then have been used to secure $15 billion in municipal bonds for capital upgrades.