"What would have been America’s first congestion pricing experiment has been delayed by Gov. Kathy Hochul, leaving public transit in a financial hole."
"New York City was about to launch America’s first experiment in congestion pricing — a toll for drivers entering crowded parts of Manhattan that would have cut traffic and funded much-needed improvements to the city’s public transit system.
But New York Gov. Kathy Hochul (D) abruptly derailed the plan Wednesday. “After careful consideration I have come to the difficult decision that implementing the planned congestion pricing system risks too many unintended consequences,” she told reporters.
The goal had been to reduce traffic in the most heavily congested city in the United States, where average travel speeds have slowed to 7 mph. Nearly every driver entering lower Manhattan would have paid a $15 toll, which was expected to raise $1 billion a year for public transportation while also reducing air pollution."
Nicolás Rivero and Oliver Staley report for the Washington Post June 5, 2024.
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