NYC’s transit budget is short $16 billion. Here are the proposed cuts, as the governor seeks funds

NEW YORK (AP) — New York’s public transit system will stop work on a planned subway line expansion and retreat from other maintenance and improvement projects because of a $16.5 billion shortfall caused by Gov. Kathy Hochul’s decision to halt a plan to fund the projects through “congestion” tolls imposed on Manhattan drivers.

The Metropolitan Transportation Authority board took a formal vote Wednesday to delay the tolling program. It had been on track to launch June 30 before Hochul’s surprise announcement of an unspecified “pause” in implementing the program.

It would have charged most private cars about $15 to enter the busiest part of Manhattan, on top of any other bridge or tunnel tolls. Hochul said she was delaying the congestion tolls because of concerns that New York City’s economy might be hurt if people stayed away from the city to avoid them.

Full story at AP News.