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MTA to Issue $230 Million in Debt Amid Legal Challenges to Tolling Plan
By Michelle Kaske | October 20, 2025, 3:10 PM UTC
The Metropolitan Transportation Authority (MTA) of New York City is set to issue $230 million in short-term debt to support critical infrastructure developments associated with its recently implemented congestion toll plan.
This congestion pricing initiative imposes fees on drivers navigating Manhattan’s most congested streets, and has faced scrutiny, particularly from the Trump administration, which has actively challenged its legality. The Triborough Bridge and Tunnel Authority is scheduled to offer bond anticipation notes in a competitive sale on Tuesday, as outlined in official borrowing documents.
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Source: Original