New York City’s congestion pricing program is scheduled to begin charging tolls to drive into the busiest parts of Manhattan next month, with the aim of generating a $15 billion windfall for the mass transit system. That money would not translate into lower fares or a huge subway expansion. Well, subject to "eleventh hour efforts" to block the initiative, Congestion Pricing is set to take effect June 30. Very succinctly, it will cost $15 per day to drive a private auto South of 60th Street on Manhattan. The revenue raised will be allocated to the MTA and will go for capital projects (buy new cars), as distinct from operating expenses (paying the operator to run them).

Source: New York Times May 07, 2024 14:24 UTC