President Trump’s bid to terminate New York’s congestion tolling scheme is good news for motorists across the tri-state area — and the economy of the city at the heart of the region. It’s good news, too, for the Metropolitan Transit Authority that sought to extort $1 billion a year in tolls from drivers to cover its own managerial failures — including unchecked fare evasion that is costing some $700 million a year. Now, it could well have to reform itself.

Before area motorists can heave a sigh of relief, though, Mr. Trump and his transportation secretary, Sean Duffy, will have to prevail in the courts, where the MTA has already filed suit to salvage their tolls. The levies went into effect only on January 5. Yet the highly-leveraged MTA was already counting its chickens. The authority just sold $500 million in bonds based on anticipated toll money. The ultimate goal was to borrow some $15 billion.