""We expect we'll accomplish work more cheaply," MTA Chair Janno Lieber said."
"The MTA passed the plan at a board meeting thanks to Gov. Kathy Hochul's budget, which includes an increase to the payroll mobility tax."
The MTA board has approved a $65 billion five-year construction plan aimed at revitalizing New York City’s mass transit systems. The funding is primarily sourced from a new payroll mobility tax increase under Governor Hochul's budget, expected to generate $1.4 billion annually, along with a $3 billion city contribution and anticipated federal support covering 20% of the plan. Notably, $3 billion of the funding remains unallocated, which MTA officials hope to secure through cost-cutting and asset sales. Key project components include acquiring new train cars and enhancing station accessibility.
Read at Gothamist
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