New York City's congestion pricing program generated $48.6 million in January, marking a successful first month despite looming opposition from the Trump administration. The program charges passenger vehicles $9 and trucks up to $21.60 to enter Manhattan south of 60th Street during peak hours, aiming to alleviate traffic. Governor Kathy Hochul argues that the funds will support $15 billion in mass transit improvements. The MTA anticipates raising $500 million in net revenue this year, following a pattern established by other cities like London and Singapore.
Under the congestion pricing program, vehicles entering Manhattan south of 60th Street are charged fees during peak hours, which significantly reduced traffic congestion.
The Metropolitan Transportation Authority (MTA) reported it raised $48.6 million in January alone, indicating strong financial performance and potential for future revenue.
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