ECONOMY & WORK
MONEY 101
NEWS
PERSONAL FINANCE
NET WORTH
About Us Contact Us Privacy Policy Terms of Use DMCA Opt-out of personalized ads
© Copyright 2023 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.
MARKETREALIST.COM / ECONOMY & WORK

NYC Becomes First American City To Greenlight Congestion Toll, Netizens Aren't Amused

Central Business District Tolling Program, also known as the congestion toll, was first introduced in June 2023.
PUBLISHED APR 1, 2024
Cover Image Source: Traffic | Photo by Gary Hershorn | Getty Images
Cover Image Source: Traffic | Photo by Gary Hershorn | Getty Images

With rising costs across the board, many New York residents are opting to relocate to other cities. In 2022 alone, approximately 545,500 residents left the state, as reported by the U.S. Census Bureau, and the exodus continues. Now, netizens are split on the newly introduced $15 congestion toll by New York's Metropolitan Transportation Authority. While some see it as another incentive to leave the Big Apple, the MTA hopes the toll will address longstanding issues affecting the state.



 

"It's a historic day: Today, the MTA Board voted to approve the toll rates for the nation's first congestion pricing program. This program will reduce traffic in Manhattan's central business district, reduce pollution, and provide critical funding for transit improvements," MTA posted on X.

Although the board's objectives are widely supported, the toll has sparked dissatisfaction among citizens, who turned to social media to express their grievances. Valentina Gomez expressed criticism on X, stating, "Citizens are taxed on their income, their food, their gasoline, etc. And now this congestion pricing nonsense? Enough with New York."

"It feels like NY is driving away its good citizens. They keep inventing ways to push people out of NY," another user named Pat Pascall commented. Such sentiments reverberated across social media, with many questioning the efficacy of the toll in alleviating traffic issues.

Image Source: andresr/Getty Images
Image Source: Photo by Andresr | Getty Images

Louis Straker Jr. added, "I personally don't know anyone in favor of #CongestionPricing. This decision ranks among the worst for NYC."

New Jersey Governor Phil Murphy, previously vocal in his opposition to congestion pricing due to its impact on his constituents who commute to Manhattan, expressed dissatisfaction with the final decision. In a statement, he asserted, "This is far from over, and we will continue to fight this blatant cash grab."

Conversely, some believe that congestion pricing will benefit the state. "Congestion pricing is poised to become one of the most successful and popular policies globally. Its advantages will be immediate and widespread, even among drivers. The current objections will seem trivial in hindsight," Jess Coleman optimistically predicted on X.



 

Central Business District Tolling Program, also known as the congestion toll was first introduced back in June 2023. "Congestion pricing has been given the green light, and we’re ready to get it done right," Eric Adams, Mayor of New York City, said at the time.

Recently, authorities announced their decision to impose the $15 toll congestion fee for motorists entering Manhattan. The approval permits the implementation of a $15 toll on most commuter passenger vehicles accessing Manhattan below 69th Street, encompassing the area south of Central Park.



 

Reportedly, toll rates will fluctuate depending on both the time of day and the vehicle's size. Rates will range from $1.75 for motorcycles crossing during overnight hours to $36 for buses and trucks traveling during the daytime.

Authorities further specified that visitors without E-ZPasses, a device facilitating remote toll collection, will incur higher fees. Taxis, on the other hand, will charge passengers $1.25 per trip within the zone, while app-based ride services will levy a $2.50 fee. The contentious fee is slated to come into effect in mid-June.

MORE ON MARKET REALIST
While the ownership rate rebounded after years of decline, millennials still feel cost is a hurdle.
15 hours ago
TrumpRx costs may be as much as 80% less than normal listings, though actual savings may differ.
19 hours ago
The Amazon boss laid off a third of The Washington Post employees, including reporters on duty.
19 hours ago
Members are now required to scan their membership cards simply to get inside a Costco store.
19 hours ago
Natalie's younger daughter Bailey couldn't hold back her tears after her mother won a grand total of $63,990.
1 day ago
It seemed at one point that the contestant might have missed her chance to win big.
1 day ago
The FDA recently slapped a Class-II warning label on the product, which was sold by the thousands.
1 day ago
The city's law dictates that all businesses using such surveillance tech must make it public.
1 day ago
"I mean, if he came in and said, 'I want to raise them' ... he would not have gotten the job," Trump emphasized on Warsh's role.
1 day ago
He also claimed that such billionaires pay their taxes and give their wealth back to the community.
1 day ago
"Best sliced aged white cheddar in the market that’s farmer-owned and uses zero hormones, zero RBSt, and zero GMO in dairy," a user wrote.
1 day ago
Griffin expressed unease over alleged favoritism, saying that CEOs find it repulsive that the government interacts with corporate America.
1 day ago
"Daniel solved the "bear hug" and continued hugging people, even hugging a car! He was a spectacular sight today," a fan reacted.
2 days ago
While the official website says contributions could grow over $1 million, the details are unclear.
2 days ago
Fans of the show loved what Jennings had discovered and made their feelings known.
2 days ago
The contestant took the advice of her man, who was in the studio audience.
2 days ago
Under this scheme, home buyers will have three years to pay the down payment.
2 days ago
The labeling error meant that the bottles did not show a lot number and expiration date.
2 days ago
The achievement puts the retailer in a list dominated by tech companies.
2 days ago
Sankar pointed out that there an incredible amount of fear around the AI boom.
2 days ago