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.
