MTA budget crunch could lead to further disrepair on NYC transit, fiscal watchdog warns

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MTA budget crunch could lead to further disrepair on NYC transit, fiscal watchdog warns
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The financial uncertainty facing the MTA could mean disrepair for its subways and other transit systems if it doesn’t ensure critical upgrades are underway by the end of 2024, according to a new report.

Track work to fix the Archer Avenue E line at Sutphin Blvd-Archer Av-JFK Airport station in 2020Track work to fix the Archer Avenue E line at Sutphin Blvd-Archer Av-JFK Airport station in 2020The financial uncertainty facing the Metropolitan Transportation Authority could mean disrepair for its subways and other transit systems if it doesn’t ensure critical upgrades are underway by the end of 2024authored by the Citizens Budget Commission, details pressing quality of life issues for New Yorkers...

The MTA has been banking on the rollout of congestion pricing to boost revenue, to the tune of $1 billion a year, per agency estimates. But the process has been drawn out and politically complicated. Fees may begin as soon as late 2023, but the plan has faced criticism from elected officials in New York and New Jersey forto enter Manhattan south of 60th Street, and potentially causing more traffic on already overburdened areas.

Low ridership levels brought by the coronavirus pandemic — and a persistent shift to working form home — have deepened a fiscal quagmire for an already financially troubled public transit system on which millions of people rely.

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