New York City

DiNapoli: Having lost tolling plan revenue, MTA must now prioritize maintenance

June 25, 2024 Brooklyn Eagle Staff
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REGIONWIDE — THE METROPOLITAN TRANSIT AUTHORITY (MTA) MUST PRIORITIZE keeping the system in good repair as the agency adjusts to the loss of $15 billion in congestion pricing revenue, states a report that State Comptroller Thomas P. DiNapoli released on Tuesday, June 25. DiNapoli said the MTA must also be transparent about how its choices will impact riders. “The MTA will be forced to put off badly needed investment in expansion and improvements to the system. Those choices will directly affect riders,” said DiNapoli, who emphasized that decisions must ensure that the system’s basic maintenance priorities — safety, reliability and frequency — are safeguarded until realistic and sustainable revenue is identified. As the MTA reconsiders which capital projects to fund and which to put off, DiNapoli’s report estimates there are over $21 billion in projects that potentially relied on congestion pricing revenue and are now under review and are being organized according to purpose categories:

  • State of Good Repair: Line Structures, Depots and Yards. $1.78 billion.
  • Normal Replacement: Railcars and Buses, $2.75 billion.
  • System Improvements: Accessibility and Signal Modernization, $5.65 billion.
  • Network Expansion: Second Avenue Subway (SAS), $5.23 billion.
  • Administrative and Various: Communication, Power, Signal Modernization, $5.67 billion.

The report also estimates that $17 billion in funding will have to be removed from the current $55.4 billion capital plan to meet the loss of congestion pricing revenue, including $2 billion in federal matching funds.

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