Today's Video Headlines: 9/18/24
The MTA is asking for $68.4 billion to fund its next capital improvement plan – the largest request the transit agency has ever made – setting up a bruising fight in Albany to figure out how to deliver that cash.
Albany also has to figure out how to address the $16.5 billion hole in its existing capital plan that was going to be funded by cash from the much-derided congestion pricing scheme — which Hochul put on pause earlier this year. That 2020-2024 capital plan was priced at just over $55 billion. The feds ended up contributing about a fifth of the last capital plan’s funding. Their share was bumped up as part of a bipartisan infrastructure law passed in 2021.he can’t promise the feds will send in the same cavalry this time around, especially if former President Donald Trump retakes the White House.“The CBC commends the MTA for rightly focusing the vast majority of its capital plan on projects that rebuild and improve the system,” CBC President Andrew Rein wrote in a statement.
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