The MTA is projecting deficits of over $400 million per year starting in 2027, largely due to revenue losses from fare evasion and lower-than-expected real estate tax funding. The pause on congestion pricing could lead to additional operating costs of about $340 million annually and $500 million in one-time costs this decade. The financial plan has not yet incorporated these impacts beyond 2024.
If the congestion pricing pause continues, the MTA may have to spend additional funds on maintaining old buses rather than replacing them, costing up to $150 million extra per year. There could also be about $90 million in annual repair work and emergency expenses.
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