New York City’s congestion pricing program is moving forward with a $15 fee on passenger vehicles, reports Stephen Nessen in Gothamist, after the MTA board voted to approve it. The program now enters a 60-day public comment period before a final vote.
Nessen points out that “The stakes are high for the program. Congestion pricing has been successfully implemented in other countries. But the MTA’s program represents the first effort in the United States to impose a fee to reduce gridlock.” Additionally, “The tolls are required by law to back $15 billion worth of loans, which accounts for nearly a third of the MTA’s 2020-2024 construction program.”
The program includes exemptions and fare discounts for low-income drivers, emergency vehicles, and drivers who already pay certain tolls. “Small trucks, buses and vans face a $24 charge during those hours, while large trucks, including big rigs, will have to pay $36. Motorcycles will be tolled a $7.50 daytime fee.” The fee is reduced by 75 percent during nighttime hours.
this is what the money is being used for
trillions were just printed to bail out banks in the last few years, somehow we end up paying for everything but it never comes back to us.