Reported 6 months ago
New York lawmakers are working on finding a funding source to address a $1 billion annual gap left by Governor Kathy Hochul's decision to pause congestion pricing. Lawmakers rejected a plan to raise taxes on NYC businesses and are now exploring alternative funding to support the Metropolitan Transportation Authority's capital program. Hochul's decision, motivated by concerns over inflation and impact on commuters, stalled the initiative just before its launch, leaving legislators scrambling to secure funding for critical transit infrastructure improvements.
Source: YAHOO