MTA Board approves record $68.4B spending plan, though electrification could be nixed without money
Final approval is still required by the State Legislature, which must also come up with a way to generate a new revenue stream to fund roughly half the plan, while also figuring out how to fill a $15 billion budget gap in the MTA’s current capital budget that was created with Gov. Kathy Hochul’s indefinite pause on congestion pricing.