Gov. Hochul aims to replace MTA congestion-pricing toll income from state budget, without imposing new taxes, impacting major projects like Second Avenue Subway and Penn Station extensions.
MTA's plan to borrow billions based on $1 billion/year toll income is at risk, as state leaders resist using reserve funds and increasing "mobility tax" affecting employment and economy.
Lawmakers' hesitance to allocate more funds from the $231 billion budget leads to challenges in securing MTA funding, despite potential areas for budget cuts in schools and healthcare.
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