Skip to Content
Streetsblog New York City home
Streetsblog New York City home
Log In
Albany Reform

Silver Calls Hearing on Pricing and MTA Capital Plan

Assembly Speaker Sheldon Silver will hold a hearing Thursday on how congestion pricing revenues would figure into the MTA's five-year capital plan. He will be joined by anti-pricing Assembly Members Richard Brodsky and Denny Farrell.

The Sun reports:

The MTA's executive director, Elliot Sander, who will testify at the hearing, has said Mr. Bloomberg's plan to charge drivers $8 to enter Manhattan below 60th Street would generate $4.5 billion in revenue, which the MTA could borrow on in advance. Even with the use of congestion fee funds, the MTA budget has a $9 billion shortfall.

Mr. Silver said in a statement yesterday that he is concerned that the congestion plan would not be fully funded and that it is unclear whether the proceeds from the traffic tax would be devoted to capital projects alone or to routine maintenance and operations.

The congestion pricing plan would qualify for $354 million in federal aid if passed by Albany and the City Council by March 31. Mr. Silver has said he would not support it unless it includes rebates for low-income drivers.

According to the hearing announcement, the assembly members will "seek information on the specific details associated with the proposed projects contained in the plan as well as the funding of the plan. This hearing will also provide an opportunity for the Committees to examine the other components of the plan, such as how a congestion mitigation plan and its consequences are addressed."

The hearing will begin at 10:30 a.m. at the Association of the Bar of the City of New York Meeting Hall, 42 W. 44th St. (bet. Fifth & Sixth Aves., 2nd Floor, in Manhattan.

Stay in touch

Sign up for our free newsletter

More from Streetsblog New York City

Fixing Third Ave. Was Once ‘Top of List’ For Eric Adams — But as Mayor He Backed Off

Mayor Adams has delayed a redesign of Brooklyn's Third Avenue despite once saying safety fixes there should be "at the top of our list."

July 17, 2025

Thursday’s Headlines: Jerry Nadler Edition

U.S. Rep. Jerry Nadler faced off with Sean Duffy on Capitol Hill. Plus more news.

July 17, 2025

Former NYPD Boss Says Deadly High Speed Chases Were Result Of ‘Rogue’ Adams Insiders

Former NYPD Commissioner Tom Donlon alleged widespread corruption leading to a string of deadly high-speed chases.

July 16, 2025

Uncle Sam Wants to Fence Off a Lower Manhattan Plaza

A federally-funded police gate will lockdown a pedestrian plaza huddled between two federal courthouses in Manhattan.

July 16, 2025

Wednesday’s Headlines: Gonna Have to Pay for That Edition

We're going to need a lot more money to handle storms like the one we saw on Monday. Plus more news.

July 16, 2025

Appeals Court Halts Adams’s Impending Bedford Ave. Protected Bike Lane Demolition

The judge's ruling came just as the city was set to begin the bike lane demolition process Tuesday evening.

July 15, 2025
See all posts