Dean Skelos

If you haven't done so already, now is the time to urge key Senate lawmakers to get behind the bill to lower New York City's default speed limit from 30 to 25 miles per hour.

In a letter to MTA Chair Joe Lhota, State Senate Majority Leader Dean Skelos writes that he's withholding approval for $770 million in MTA capital funding and a hike in the agency's borrowing limit because "a staggering $42 billion bonding debt level is of great concern." (Hat tip to Dana Rubinstein at Capital New York.)

The details of Governor Cuomo's economic plan, which includes both tax reform and a new infrastructure fund, were released today with support from Assembly Speaker Sheldon Silver and Senate Majority Leader Dean Skelos.

The MTA is still staring down a $10 billion hole in its capital plan, and the consequences of that deficit continue to roll closer. Unless money is found by the end of the year, transit expansions like the Second Avenue Subway will slow down and important maintenance will be left undone. But despite the approaching deadline, no one in Albany seems willing to step up and even begin to tackle the issue.

The fate of the payroll mobility tax, which brings in $1.34 billion a year to the MTA, just grew a little shakier. The four members of the State Senate's new Independent Democratic Conference, who split off from the minority Democrats last week, have come out with their agenda and included in it is a call to "reform" the tax and even consider eliminating it. Any cut to the mobility tax would spell disaster for transit riders.

With the MTA at least $9 billion short on funding for its five-year capital plan, New Yorkers who ride buses and subways should be counting on legislators to secure a new revenue stream for transit. But after tomorrow's elections, the first transit fight in Albany may not be over new revenue at all. Repealing the payroll mobility tax, passed along strict party lines as part of the 2009 MTA funding package, is a top priority for many suburban State Senate candidates, especially Republicans.

If state legislators don't act to undo the outcome of today's MTA Board meeting, it would mark the second straight year that fares have gone up, which is already a departure from the norm. And it's going to get worse, say Gene Russianoff and the Straphangers Campaign: