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It's actually "neither of the above": the congestion funding is simply going to replace federal funding (mostly Covid relief stuff) that is due to roll off.
by NovemberWhiskey 3y ago
It's actually "neither of the above": the congestion funding is simply going to replace federal funding (mostly Covid relief stuff) that is due to roll off.
- lkbm 3y agoThe article links to another article[0] (way down in the final paragraph) about how some transit upgrades were put on hold because they were 50% funded by the congestion pricing: > The MTA said money from congestion pricing makes up more than 50% of funding for the agency’s capital program Presumably, those specific things can now get back underway: > Projects that rely on the funding include modern signaling on the A train to Far Rockaway, more ADA-accessible stations and phase two of the Second Avenue subway. [0] https://ny1.com/nyc/all-boroughs/transit/2024/02/16/mta-halts-contracts-amid-congestion-pricing-litigation https://ny1.com/nyc/all-boroughs/transit/2024/02/16/mta-halt...
- NovemberWhiskey 3y agoI mean, sure, that's obviously the way the MTA wants you to look at this; and indeed the congestion pricing funds are restricted to be used on the capital budget. But that's meaningless; since capital funding from the congestion pricing lockbox will just displace debt issuance, so it's effectively just taking pressure off the operating budget, which is where the current federal funding is going.