NYC MTA Needs to Cut $17 Billion After Toll Pause, State Comptroller Says

New York City’s transit network will need to slash $17 billion from its multi-year capital plan after Governor Kathy Hochul paused a congestion pricing initiative that would have directed billions to upgrade infrastructure, according to state Comptroller Thomas DiNapoli.

The Metropolitan Transportation Authority, which operates the city’s subways, buses and commuter rail lines, is set to detail at its monthly board meeting Wednesday which capital projects need to be deferred to not only fill a $15 billion deficit but to also preserve billions in federal funds. The amount of the infrastructure improvements that need to be suspended should total $17 billion, according to a report DiNapoli released Tuesday.