Governor Kathy Hochul announced a plan to begin implementing congestion pricing in New York City by early January. In keeping with her promise to lower the cost of tolls from $15, the Governor’s plan features a 40 percent reduction in all tolls for vehicles entering the City’s Central Business District (CBD), saving commuters up to $1,500 per year. That plan also includes new tools to reduce congestion and air pollution in communities citywide – all of which will ensure that the plan achieves the goals of congestion pricing, including $15 billion in mass transit funding to support the MTA’s current Capital Program. Additionally, Governor Hochul committed to funding the proposed 2025-2029 MTA Capital Plan that was approved by the MTA Board in September – the largest capital plan for transit in New York State history.
“As I said from the start, a $15 toll was just too high in this economic climate. That’s why our plan cuts the daytime toll to $9 for cars,” Governor Hochul said. “By getting congestion pricing underway and fully supporting the MTA capital plan, we’ll unclog our streets, reduce pollution and deliver better public transit for millions of New Yorkers.”
