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VisitGovernor Hochul Indefinitely Delays June 30 Congestion Pricing Plan for Manhattan
Jun 5, 2024, 03:29 PM
New York Governor Kathy Hochul has indefinitely delayed the implementation of a congestion pricing plan for drivers entering Manhattan. The plan, which was set to start on June 30, would have been the first of its kind in the United States and aimed to charge motorists up to $15 to enter Manhattan south of 60th Street. Hochul's decision comes amid economic concerns and political pressure. She is considering replacing the congestion charge with a tax on New York City businesses. This move has sparked criticism from various quarters, including environmental advocates and some political figures, who argue that the delay undermines efforts to address traffic congestion and climate change. The MTA had planned to generate $1 billion annually from the congestion pricing, which was seen as an emblematic climate change policy.
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Markets
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Official announcements from the Governor's office or New York State Legislature
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Official announcements from the Governor's office or New York State Legislature