Transit Funding

The prospect of a looming MTA deficit and rising transit fares is prompting a second look at congestion pricing in Manhattan, a project defeated by the state Assembly in April, notwithstanding a federal grant for $360 million.

Since 1956, federal, state and local governments have invested nine times more capital funding in highway subsidies than in transit.

Falling revenues from real estate taxes could impact transit expansion plans as New York's MTA faces a sharp decline.