Streetsblog New York City

Gene Russianoff, senior attorney for the Straphangers Campaign, talks to Streetsblog about the future of transit funding without congestion pricing. Direct quotes are in quotation marks.

Streetsblog: Without pricing, how will the MTA get funded?
Russianoff: They currently have a proposed $29.5B capital plan. The vast majority is for stuff that absolutely has to be done -- rehabbing 44 stations, buying buses, signal and track work, and so on. There is a $9B projected deficit plus $4.5B that will not be coming from pricing bonds, plus $4B that won't be coming in additional city and state money that was promised if pricing passed.

"Traditionally the MTA has raised funds from broad-based taxes -- corporate income tax, mortgage recording tax, real estate transaction tax, sales tax, gas tax -- and through fares and tolls. With tolls, excess from upkeep of bridges and tunnels is given to the MTA, and a large chunk of that is used for capital projects. Now [without pricing], we can do what [former MTA chief Peter] Kalikow said five years ago and increase all of them a little bit."

But these are all subject to fluctuation, as we're seeing now with the dip in real estate tax revenues, which had previously allowed the MTA to run surpluses.

"So one solution is the traditional one, which is to raise one or more of those taxes." Richard Brodsky has said relying on a broad-based tax is what he prefers.