| ▲ | CryptoBanker 3 days ago | ||||||||||||||||||||||||||||||||||||||||
What electrification and signal improvements are you talking about? Signal upgrades are a constant thing in the MTA, both for the LIRR and the subways. They are not something that just started with congestion pricing funds. Also, efficiency was already on the upswing for the LIRR long before congestion pricing funds[1]. [1] https://www.mta.info/press-release/icymi-governor-hochul-cel... | |||||||||||||||||||||||||||||||||||||||||
| ▲ | ceejayoz 3 days ago | parent | next [-] | ||||||||||||||||||||||||||||||||||||||||
Congestion pricing was agreed to in 2019. Expected revenue was used to budget quite a few projects; this caused a bit of a scare when Hochul put it on hold for a while. https://www.nytimes.com/2024/07/16/nyregion/congestion-prici... | |||||||||||||||||||||||||||||||||||||||||
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| ▲ | JumpCrisscross 3 days ago | parent | prev [-] | ||||||||||||||||||||||||||||||||||||||||
> They are not something that just started with congestion pricing funds Correct. But they’re being expanded. Early signs are there. And we have precedent to show that funding this work, and funding it sooner, works. > efficiency was already on the upswing for the LIRR long before congestion pricing funds Correct. Congestion funds accelerate that process. I spoke an inarticulately, but the point was trying to make is that we have precedence for quality and efficiency improving capital spending by the MTA. The bonds the MTA issued earlier this year double down on that. The early signs of that spending show those capital deployments are helping in the way the preceding spending did. | |||||||||||||||||||||||||||||||||||||||||