Congestion pricing in NYC was to be a significant experiment but was put on hold by Gov. Kathy Hochul, with concerns about economic hardships being a key factor.
Federal Highway Administration approved the congestion pricing plan, highlighting benefits like travel-time savings, reliability improvements, and negligible impacts on labor force and goods costs.
Hochul paused congestion pricing due to concerns about the economic burden on New Yorkers, even though the plan received federal approval.
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