MTA’s ‘Reckless Spending Spree’ Needs Extra $1B

The MTA is currently $47 billion in debt—a figure they hope to alleviate with the projected $1 billion in tolls per year from congestion pricing. But savings could be found to close that gap and fund capital projects with common sense cuts, Goldwyn said. ‘For Phase 1 [of the area’s train expansion project] 77% of the construction costs were in the stations. If you want to find cost savings, that’s the first place you should look,’ he said.