Delays in new buses and rail equipment due to congestion pricing pause will raise maintenance costs. 7,300 employees may switch to operating jobs and potential debt issuance is likely earlier than planned.
MTA's budget uncertainties post-2024 due to paused congestion pricing. Importance of capital investments emphasized by MTA leaders, despite financial plan challenges.
Chair stresses the need to pay for preserving the transportation system, urging commitment to existing capital program despite financial setbacks.
Governor pledges $54 million to restart MTA programs, offering some relief amidst budget concerns.
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