Governor Hochul Halts NYC Congestion Pricing, Citing Financial Recovery and Election Concerns
June 5, 2024Governor Kathy Hochul has indefinitely postponed New York City's congestion pricing plan, which was originally set to begin on June 30.
The delay is due to concerns over the city's financial recovery post-pandemic.
The tolling program was expected to generate $1 billion annually for MTA projects.
Hochul is exploring alternative funding sources, such as state reserves or a potential increase in the MTA payroll tax.
The decision was influenced by worries about the plan's impact on Democrats' prospects in suburban areas ahead of the 2024 elections.
The delay has received mixed reactions, with some Democratic critics praising it and others questioning the lack of a replacement plan.
The situation highlights the complexity of transportation policy and funding in New York City.
Summary based on 0 sources