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CryptoBanker | 2 months ago
Also, efficiency was already on the upswing for the LIRR long before congestion pricing funds[1].
[1] https://www.mta.info/press-release/icymi-governor-hochul-cel...
CryptoBanker | 2 months ago
Also, efficiency was already on the upswing for the LIRR long before congestion pricing funds[1].
[1] https://www.mta.info/press-release/icymi-governor-hochul-cel...
ceejayoz|2 months ago
Expected revenue was used to budget quite a few projects; this caused a bit of a scare when Hochul put it on hold for a while. https://www.nytimes.com/2024/07/16/nyregion/congestion-prici...
CryptoBanker|2 months ago
That money you're talking about was money that was already spent to implement congestion pricing
JumpCrisscross|2 months ago
Correct. But they’re being expanded. Early signs are there. And we have precedent to show that funding this work, and funding it sooner, works.
> efficiency was already on the upswing for the LIRR long before congestion pricing funds
Correct. Congestion funds accelerate that process.
I spoke an inarticulately, but the point was trying to make is that we have precedence for quality and efficiency improving capital spending by the MTA. The bonds the MTA issued earlier this year double down on that. The early signs of that spending show those capital deployments are helping in the way the preceding spending did.