Congestion Pricing in NYC

A bill was passed that will make NYC the first city in the country to implement congestion pricing. The plan is set to go into effect in 2020 and it will cover what is known as Manhattan’s Central Business District (CBD) – the area below 60th Street. The plan will be used to reduce traffic and create a new revenue stream for the Metropolitan Transit Authority (MTA). As of now a pricing structure has not been established, that will be set at a later date by the Traffic Mobility Board. The board will be 6 people who are expected to make their recommendations on tolls known next year. The board will consist of 1 person from the mayors office and others who live in the areas served by the Metro-North and Long Island Rail Roads.

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