In addition to cutting down pollution, the plan would have put an estimated $1 billion annually in the MTA’s coffers building off of this, the agency would have issued $15 billion in bonds backed by the new revenue source for its already imperiled 2020-2024 capital plan.
Trucks and for-hire vehicles would also be among those charged, with the end goal of reducing congestion across Manhattan’s normally clogged city streets. below 60 th Street) once per day, although the amount is still being negotiated.
CONGESTION PRICING NYC DRIVERS
The plan, which was due to be rolled out in January 2021, would charge drivers entering Manhattan’s central business district (i.e. In March 2019, the State Legislature and Governor Andrew Cuomo locked in the congestion pricing plan in that year’s budget, following findings from the Governor’s Fix NYC Advisory Panel. The Trump administration has reportedly delayed implementation of New York City’s first-in-the-nation congestion pricing plan by at least a year. Things keep getting worse for the New York Metropolitan Transportation Authority ( MTA), as another potential revenue source seems to have dried up.
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