Revenue from the MTA's congestion pricing plan will pay for $15 billion of transit upgrades, which include new electronic signals that improve subway service and an extension of the Second Avenue subway.
Make your contribution now and help Gothamist thrive in 2023.of the MTA’s congestion pricing tolls last month means some drivers will take a hit — but it also means major upgrades are coming to New York’s mass transit networks.
“That's a record level of capital commitment and, and that shows that they've got the projects lined up and ready to go,” said Rachael Fauss, a senior analyst at the good government group Reinvent Albany. “[Congestion pricing funds] the types of projects that are not the big fancy ribbon cuttings, but the ones that actually make the trains run better and faster. Because it's the less exciting, but most important, work of any capital plan,” Fauss said. “It's the state of good repair work that is being funded by congestion pricing.”
But the 2019 state law doesn’t allow the congestion pricing tolls to help plug the MTA’s budget deficits.
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