New York City Mayor Kathy Hochul has shelved a proposed congestion pricing plan that would have charged automobiles $15 to enter Manhattan below 60th Street. This decision has sparked debates on the impact on remote work, traffic speeds, bridge and parking prices, and the financial burdens on lower-income households. The delay has been seen as a strategic political move ahead of upcoming elections. Views on congestion pricing vary from those who believe it would generate revenue for transit improvements and reduce traffic congestion to those who argue it could hinder Manhattan’s economy and potentially lead to the need for additional taxes.
https://www.cnbc.com/2024/06/09/with-congestion-pricing-stop-nyc-enters-new-economic-gridlock-era.html