State Budget The Mass Transit Crisis

MTA Deficit 2021- $800 million- Congestion Pricing Revenue 2021 will be $ 1 billion if passed

MTA deficits

Congestion pricing is an essential step to keep the MTA’s operations and capital plans for construction, new signals and track, and new subway cars, buses, and commuter rail cars funded. But it is actually just a step. It would stabilize the current plan to borrow $12 billion for new investments and maintain operations through 2022 because estimates are it would yield $1billion a year in new revenue. But that would leave the Fast Forward Plan and the next Capital Plan still unfunded.


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Jim Brennan was a member of the New York State Assembly for 32 years and retired at the end of 2016. He chaired four committees, including the Assembly Committee on Corporations, Authorities, and Commissions for six years, the Committee on Cities for five years, and the Committee on Mental Health and Developmental Disabilities for six years. There are 96 Brennan laws on the books of the State of New York and Jim won three national awards for his legislative work during his career.

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