MTA seeks capital cuts & focuses on safety & operations after NY Governor halts congestion pricing, leading to a $15bn shortfall.

New York's Metropolitan Transportation Authority (MTA) is seeking capital cuts and is concerned about federal grants after Governor Kathy Hochul halted the congestion pricing plan, which faced a $15bn shortfall. MTA's focus will shift to maintaining the aging transit system's safety and operations amidst the financial uncertainty. MTA Chair and CEO Janno Lieber emphasized the importance of mass transit for New York City's survival, and the agency aims to avoid service cuts.

June 10, 2024
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