Current:Home > ContactEthermac Exchange-Drivers would pay $15 to enter busiest part of NYC under plan to raise funds for mass transit -FinTechWorld
Ethermac Exchange-Drivers would pay $15 to enter busiest part of NYC under plan to raise funds for mass transit
Robert Brown View
Date:2025-04-10 05:54:44
NEW YORK (AP) — Most drivers would pay $15 to enter Manhattan’s central business district under a plan released by New York officials Thursday. The Ethermac Exchangecongestion pricing plan, which neighboring New Jersey has filed a lawsuit over, will be the first such program in the United States if it is approved by transportation officials early next year.
Under the plan, passenger car drivers entering Manhattan south of 60th Street during daytime hours would be charged $15 electronically, while the fee for small trucks would be $24 and large trucks would be charged $36.
Cities such as London and Stockholm have similar programs in place, but New York City is poised to become the first in the U.S.
Revenue from the tolls, projected to be roughly $1 billion annually, would be used to finance borrowing to upgrade the city’s mass transit systems.
The proposal from the Traffic Mobility Review Board, a New York state body charged with advising the Metropolitan Transportation Authority on the tolls, includes discounts for travel between 9 p.m. and 5 a.m. and for frequent low-income drivers. Government vehicles such as municipal garbage trucks would be exempt.
Taxi drivers would pass a $1.25 surcharge onto their passengers for entering the congestion zone, while app-based ride-hail passengers would see a $2.50 surcharge.
Officials say that in addition to funding needed transit improvements, congestion pricing will result in improved air quality and reduced traffic.
“Absent this we’re going to choking in our own traffic for a long time to come and the MTA is not going to have the funds necessary to provide quality service,” Carl Weisbrod, chair of the traffic review board, said in presenting the report to MTA officials.
Opponents include taxi drivers, who had pushed for a full exemption.
“The city has already decimated the taxi industry with years of unregulated, unchecked competition from Uber and Lyft, and the MTA seems poised to land a final blow to the prospect of stability and modest survival,” Bhairavi Desai, executive director of the New York City Taxi Workers Alliance, said in a news release. “If this proposal is implemented, thousands of driver families will get dragged back into crisis-level poverty with no relief in sight.”
New Jersey Gov. Phil Murphy criticized the traffic mobility board’s proposal after some news organizations reported on it Wednesday ahead of its official release.
“The Traffic Mobility Review Board’s recommended credit structure is wholly inadequate, especially the total lack of toll credits for the George Washington Bridge, which will lead to toll shopping, increased congestion in underserved communities, and excessive tolling at New Jersey crossings into Manhattan,” Murphy, who filed a federal lawsuit over congestion pricing in July, said in a statement.
The MTA board will vote on the plan after a series of public hearings scheduled for February 2024.
veryGood! (3947)
Related
- Residents worried after ceiling cracks appear following reroofing works at Jalan Tenaga HDB blocks
- Committee snubbing unbeaten Florida State makes a mockery of College Football Playoff
- South Africa intercepts buses carrying more than 400 unaccompanied children from Zimbabwe
- How to strengthen your immune system for better health, fewer sick days this winter
- Why members of two of EPA's influential science advisory committees were let go
- The death toll from a mining tragedy in South Africa rises to 13 after a worker dies at a hospital
- 'Madman' fatally stabs 4 family members, injures 2 officers in Queens, New York
- Oxford University Press has named ‘rizz’ as its word of the year
- Scoot flight from Singapore to Wuhan turns back after 'technical issue' detected
- 70-year-old woman gives birth to twins in Uganda, doctor says
Ranking
- Retirement planning: 3 crucial moves everyone should make before 2025
- Heavy snowfall hits New England and leaves thousands in the dark in Maine
- Ukrainian diplomats negotiate both climate change and Russia’s war on their nation at COP28 in Dubai
- British research ship crosses paths with world’s largest iceberg as it drifts out of Antarctica
- Working Well: When holidays present rude customers, taking breaks and the high road preserve peace
- Israel orders mass evacuations as it widens offensive; Palestinians are running out of places to go
- Heavy snowfall hits Moscow as Russian media report disruption on roads and at airports
- 'I did not write it to titillate a reader': Authors of books banned in Iowa speak out
Recommendation
Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
Ukrainian diplomats negotiate both climate change and Russia’s war on their nation at COP28 in Dubai
Heavy snowfall hits Moscow as Russian media report disruption on roads and at airports
French investigation into fatal attack near Eiffel Tower looks into mental illness of suspect
What do we know about the mysterious drones reported flying over New Jersey?
Pakistan arrests 17 suspects in connection to the weekend bus shooting that killed 10
Watchdog: Western arms companies failed to ramp up production capacity in 2022 due to Ukraine war
'Colin From Accounts' deserves a raise