MTA Approves $68.5 Billion Capital Plan

The MTA board unanimously approved a $68.5 billion capital plan aimed at modernizing New York City's transit system, although nearly half of the funding remains unsecured due to the pause in congestion pricing initiated by Gov. Kathy Hochul. The plan focuses on maintaining and upgrading infrastructure, including replacing outdated subway and commuter rail cars, and making stations more accessible. Hochul has promised to find the necessary funds through a combination of state, local, and federal support. The proposal now heads to the state legislature for final approval and funding decisions. The MTA is also grappling with a $16 billion shortfall in its current budget, exacerbating the urgency of securing new revenue streams. Advocates emphasize that without full funding, crucial projects like the Interborough Express and newer, more reliable trains will be delayed or canceled, impacting commuters' daily lives.