Gov. Hochul delays congestion pricing over fears of living cost impact and political gains/losses, potentially considering new tax.
Congestion pricing aimed at charging motorists $15 to reduce traffic and fund MTA, approved five years ago, being delayed indefinitely.
Concerns raised that toll could hurt the city's economy and Democrats' chances in suburban districts, with Congressman Jeffries expressing worries.
The $1 billion per year generated by congestion pricing would fund mass transit improvements, crucial for modernizing subway signals and accessibility.
#congestion-pricing #governor-kathy-hochul #economic-impact #political-implications #mass-transit-improvements
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