I mean, sure, that's obviously the way the MTA wants you to look at this; and indeed the congestion pricing funds are restricted to be used on the capital budget.
But that's meaningless; since capital funding from the congestion pricing lockbox will just displace debt issuance, so it's effectively just taking pressure off the operating budget, which is where the current federal funding is going.
But that's meaningless; since capital funding from the congestion pricing lockbox will just displace debt issuance, so it's effectively just taking pressure off the operating budget, which is where the current federal funding is going.