New York Metropolis’s congestion pricing toll generated almost $50 million in income in its first month, officers stated Monday, because the Trump administration moves to kill the first-in-the-nation program.
From Jan. 5, the primary day of this system, to Jan. 31, tolls from the congestion pricing program generated $48.66 million, in keeping with the Metropolitan Transportation Authority, which manages the town’s subways in addition to bridges and commuter rails.
The web income for that interval was $37.5 million when taking into consideration bills to run this system, the MTA stated.
This system is on observe to generate $500 million in internet income by the top of this 12 months, as initially projected, the MTA stated.
“With an preliminary efficiency in step with projections, we will confidently transfer ahead with tasks that depend on funds from the Congestion Reduction Zone,” MTA Chief Monetary Officer Kevin Willens stated in a press release. “We sit up for seeing related leads to the approaching months.”
Indicators advising drivers of congestion pricing tolls are displayed close to the exit of the Lincoln Tunnel in New York, Feb. 19, 2025.
Seth Wenig/AP
The replace comes after the U.S. Division of Transportation final week said it pulled federal approval of the plan following a overview requested by President Donald Trump.
The overview discovered that the “scope of this pilot venture as authorized exceeds the authority licensed by Congress” below the Federal Freeway Administration’s Worth Pricing Pilot Program, Transportation Secretary Sean Duffy stated in a letter to New York Gov. Kathy Hochul on Wednesday.
Trump celebrated the DOT’s transfer, saying on his social media platform Reality Social, “CONGESTION PRICING IS DEAD. Manhattan, and all of New York, is SAVED. LONG LIVE THE KING!”
The MTA stated it instantly challenged the Trump administration’s reversal in federal court docket. The MTA is in search of a declaratory judgment from the court docket that the DOT’s transfer is “not correct” and isn’t turning off the tolls below this system till there is a court docket order, Chair and CEO Janno Lieber stated Wednesday.
Duffy, who known as the plan “unfair,” told CBS News on Wednesday that he’d be open to some type of congestion pricing whereas questioning the worth of the NYC toll.
The congestion pricing plan fees passenger automobiles $9 to entry Manhattan beneath sixtieth Avenue throughout peak hours as a part of an effort to ease congestion and lift funds for the town’s public transit system. Throughout peak hours, small vans and constitution buses are charged $14.40 and huge vans and tour buses pay $21.60.
In line with the MTA’s findings, 68% of the $48.66 million in income generated in January got here from passenger automobiles, 22% from taxis and for-hire automobiles, 9% from vans and 1% from buses and bikes.
New York officers have touted the success of this system in easing site visitors, with Hochul saying final week that congestion has “dropped dramatically” for the reason that program went into impact final month.
