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Congestion pricing was agreed to in 2019. Expected revenue was used to budget quite a few projects; this caused a bit of a scare when Hochul put it on hold for
by ceejayoz 11mo ago
Congestion pricing was agreed to in 2019.
Expected revenue was used to budget quite a few projects; this caused a bit of a scare when Hochul put it on hold for a while. https://www.nytimes.com/2024/07/16/nyregion/congestion-pricing-cost-hochul.html https://www.nytimes.com/2024/07/16/nyregion/congestion-prici...
- CryptoBanker 11mo agoThe loans backed by congestion pricing revenue weren't taken out until this year https://www.bloomberg.com/news/articles/2025-05-07/ny-mta-gets-500-million-loan-backed-by-congestion-toll-revenue https://www.bloomberg.com/news/articles/2025-05-07/ny-mta-ge... That money you're talking about was money that was already spent to implement congestion pricing
- ceejayoz 11mo agoOne specific loan was taken out this year. (And planning tends to preceed the actual loans.)
- CryptoBanker 11mo agoPlanning is not the same as spending
- JumpCrisscross 11mo agoIt’s not shovel-ready spending. But it’s absolutely part of the process, and not one you can skip in a democracy.
- CryptoBanker 11mo agoThat article was about expenses related to implementing congestion pricing, so I'm not sure what your argument is here