Official announcements from New York State Government or relevant taxation authorities

Gov. Hochul Postpones NYC Congestion Pricing, Delays $1 Billion Plan

Jun 5, 2024, 03:40 PM

New York Governor Kathy Hochul has decided to indefinitely postpone the congestion pricing program, which was scheduled to begin on June 30. The program aimed to reduce traffic and pollution in Manhattan while generating $1 billion annually for public transportation infrastructure. Hochul's decision comes amid political pressure and concerns about the financial burden on truck drivers and small businesses. In place of congestion pricing, Hochul is considering a tax on NYC businesses to fill the $1 billion gap. This move has sparked criticism from various stakeholders, including transit advocates and environmental groups, who argue that the delay will harm efforts to create a modern, accessible transit system and cleaner air in the city.