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Article: Failure of Congestion Pricing Plan Puts New York MTA Projects in a Bind.
- Article from:
- The Bond Buyer
- Article date:
- April 11, 2008
- Author:
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The failure of the New York Legislature to pass a congestion pricing plan that would charge fees on cars in a large part of Lower Manhattan has put some capital projects at the state's Metropolitan Transportation Authority in "some peril," executive director Elliot Sander said yesterday. The MTA faces a tough time on the operating side as well, especially since the enacted state budget passed this week allocated less money to the authority than expected, he said at a luncheon held by the Municipal Forum of New York.
The state budget allocated $2.58 billion as its subsidy to the MTA, $52 million less than the $2.63 billion in the executive budget that was proposed ...