The MTA can survive without congestion pricing funds
Following Gov. Hochul’s decision to cancel congestion pricing just weeks before its implementation, the Metropolitan Transportation Authority is facing a crisis that requires a quick resolution: either a reversal of the decision or the implementation of a significant new tax.
However, beyond the claims of transit advocates, there is no immediate crisis. It is important to take a step back and approach this issue correctly.
The governor’s announcement has stirred up the transit advocacy community and progressive lawmakers, with strong reactions and threats of legal action.
Despite the urgency portrayed by advocates, the situation does not warrant immediate drastic measures. The MTA’s current infrastructure investment program is set to continue without congestion pricing revenue.
While congesting pricing could have provided a revenue stream, the MTA has other funding options available and does not face an immediate crisis. It is important for lawmakers to assess the situation carefully before making any decisions.
Lawmakers can hold hearings to explore cost-cutting measures and explore alternative revenue sources. By addressing the issue in a thoughtful manner, a sustainable solution can be developed without the need for immediate drastic action.
The revocation of the congestion pricing program by Governor Hochul presents an opportunity to reassess the situation and explore alternative solutions.
Nicole Gelinas is a contributing editor to the Manhattan Institute’s City Journal.
