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Living in the Big Apple is about to get even more expensive. Governor Hochul is about to bring back congestion pricing to New York City.
As reported by the New York Times, the politician has announced she is reviving her plan for congestion pricing. Originally announced in April, state officials were aiming to impose an additional $15 dollar toll on vehicles that enter Manhattan below 61st Street. Commercial trucks, however, would face a higher fee of anywhere from $24 to $36 depending the axle count, dimensions, weight and other factors. The original idea was met with harsh criticism from citizens and business owners alike. Ultimately, the plan was put on hold in June.
This version of the plan has a reduced rate, which starts at $9 for regular cars. She detailed the reasoning during a formal press conference. “I’m proud to announce we have found a path to fund the MTA, reduce congestion and keep millions of dollars in the pockets of our commuters,” the governor said. She went on to add that citizens who make than less than $50,000 a year will receive a 50% discount after their 10th entry. Additionally, the toll overall will be cut after 9 p.m.
According to the New York Post, President-elect Donald Trump is not in favor of the move. “I have great respect for the Governor of New York, Kathy Hochul, and look forward to working with her to make New York and America Great Again. But I strongly disagree with the decision on the congestion tax,” he said in an exclusive statement to the newspaper.
The congestion pricing is currently being finalized but could start as early as January. You can see Governor Kathy Hochul’s press conference below.
