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Gov. Hochul says sheβs going to make the MTA good for its loss of congestion-pricing-toll income, but Albany needs to find the money within the record-breaking budget it already has.
State leaders always seems to find a spare billion or two for boondoggles in Buffalo; rather than add a dime in new taxes or fees βto fund the MTA,β they can go pound sand.
Increase the MTA-region βmobility taxβ?
Thatβs basically an added tax on employment, and thus a downer for the metro-area economy β exactly what Hochul realized the tolls would mean.
Replace the income from the stateβs reserve funds?
Maybe, but the MTAβs plan was to use the expected $1 billion-a-year funding stream as leverage to borrow billions upfront, and so fund its capital spending β including vital maintenance. Unless itβs a guaranteed funding stream, it canβt fund borrowing.
Until this issue is worked out, the agency needs to put all major projects into deep freeze, including any plans to extend the Second Avenue Subway as well as any new changes to Penn Station.
To pass any permanent new funding stream, Hochul will not only need to call the Legislature back for a special session, sheβll need to sell both the Assembly and state Senate on it.
But lawmakersβ reluctance to devote a dime more of βtheirβ money (meaning: what they bleed the taxpayers for) to the MTA is what got them to agree to then-Gov. Andrew Cuomoβs congestion-pricing scheme in the first place.
Yet the stateβs $231 billion budget has plenty that could (should!) be cut, from the cash burned on local school districts whose enrollment is collapsing (the Legislature insists on βholding them harmlessβ) to vast giveaways to state hospitals and their unionized workers.
Heck, nearly every dollar Albany spends in the name of βeconomic developmentβ is just political pork and/or payoffs to the connected.
The $700 million a year now dumped on Hollywood via subsidies for radio & TV productions could cover most of the nut all by itself.
Then, too, the MTA could benefit big-time from real political support: For starters, its huge overtime bills are driven largely by union-contract perks that the pols wonβt let management insist on eliminating.
And farebeating bleeds the mass-transit system: If Hochul announced that sheβd remove any district attorney who refuses to prosecute these cases, and the NYPD followed up with a major enforcement drive, the MTAβs revenues could jump $500 million or more a year β and the subways would get a lot safer, too, further boosting paid ridership.
So far, Hochulβs βpauseβ on congestion pricing could be simply a dodge to keep voters from feeling the pain before the November elections.
If she wants the public to know itβs not, she needs to keep drawing horrified screams from the crowd thatβs denouncing her eminently sensible first step.