NY lawmakers considering $1B IOU after Gov. Hochul’s congestion-pricing flip-flop
State lawmakers on Thursday rejected New York Gov. Kathy Hochul’s behind-the-scenes push for a tax hike to fill a gap in the MTA’s budget after sheThe state Legislature extended its annual session into Friday to deal with the Hochul-created financial crisis for the MTA, which was counting on $1 billion annually from the long-planned congestion pricing toll.
By late Thursday night, Hochul and lawmakers honed in on a different proposal: A yet-to-be-introduced measure that would commit the state to providing $1 billion to the MTA, without identifying a specific funding source. “I think very simply something that just says there will be a billion dollars for the MTA in the following year’s budget, but without any specifics as to what that means,” Senate Deputy Majority Leader Michael Gianaris told reporters around 11 p.m., according to
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