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Trump Admin. Kills Support for NYC Congestion Pricing Despite Benefits

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The toll program enacted in January charges commuters $9 if they enter Manhattan's lower district during peak hours.
The Trump administration has withdrawn its support for New York City's congestion pricing plan, which aimed to reduce traffic congestion and fund public transit improvements. This decision was communicated through a letter from the Federal Highway Administration (FHWA) to the Metropolitan Transportation Authority (MTA), stating that the plan no longer has the necessary federal approval. The plan would have charged drivers for entering Manhattan's central business district, with the revenue intended to support the MTA's $54 billion capital plan. The withdrawal of support has raised concerns about the future of the MTA's funding and the potential delay or cancellation of critical infrastructure projects. Critics argue that this move could hinder efforts to improve air quality, reduce traffic, and enhance public transportation in one of the world's busiest cities.

Read the Full Kiplinger Article at:
[ https://www.kiplinger.com/taxes/trump-admin-kills-support-for-new-york-city-congestion-pricing ]