MTA board faces decision on future of congestion pricing amid delays

In a recent development, New York Governor Kathy Hochul's decision to halt congestion pricing in New York City has prompted the Metropolitan Transportation Authority (MTA) board to reassess their projects, potentially leading to cutbacks. The absence of the expected $15 billion from congestion pricing has forced the MTA to delay various crucial projects, such as subway signal updates, accessibility improvements, zero-emission buses, and infrastructure upgrades. MTA Chair Janno Lieber expressed a commitment to collaborating with Hochul and the Legislature to identify alternative revenue sources for these stalled projects, including the 2nd Avenue subway extension and new elevators. Despite widespread support for congestion pricing among speakers at a recent event, a Siena College poll revealed that a majority of New York state voters oppose the measure, citing concerns about increased pollution and traffic in certain areas for the benefit of Manhattan residents. Hochul sought to allay fears by assuring New Yorkers that her team is actively working with the MTA and legislature to secure funding for ongoing projects and devise financial strategies for the upcoming capital budget. The MTA is finalizing its 2025-2029 capital plan, which will necessitate new funding sources and be subject to a vote by the MTA Board later this year. The MTA board is anticipated to officially pause congestion pricing and outline the repercussions of the revenue shortfall on New Yorkers. Hochul's team aims to address the funding gap and implement financial solutions to support the completion of essential projects. The situation underscores the critical need for sustainable funding mechanisms to sustain the MTA's infrastructure initiatives and ensure the continued development of New York City's transportation network. CBS New York's Derick Waller provides the latest updates on this evolving situation.