NYC congestion pricing tolls rake in $562M during first year

[RandySF]

New York City’s congestion pricing tolls raked in $562 million after expenses during their first year of operation, according to financial figures announced by the MTA Wednesday.

MTA officials said the tolls brought in even more money than anticipated, in large part due to efficiencies the transit agency found in the camera system's operating costs.

“[Congestion pricing is] exceeding the $500 million target and providing dedicated funding for critical transit investments,” MTA Chief Financial Officer Jai Patel said during the agency’s monthly board meeting. “So taken together, 2025 played out largely as planned.”

But the figure is still less than what the MTA had originally planned. That’s because Gov. Kathy Hochul in June 2024 directed the MTA to pause the program ahead of the general election. The program was originally priced at $15 during peak periods, but was later dropped to $9 before the relaunch in January 2025.




https://gothamist.com/news/nyc-congestion-pricing-tolls-rake-in-562m-during-first-year

[PJMcK]

1. The program has worked at reducing traffic

Getting around Midtown is much better than before. The traffic is lighter, bus times are faster and it’s safer for pedestrians and cyclists. Further, it’s making significant money for NYC’s aging subway system.