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The MTA said the lawsuit placed numerous projects and 20,000 jobs at risk; [162] a large portion of the MTA's 2025–2029 capital plan was to be financed by the toll. [163] The proposed toll rates were released in late November 2023, [164] [165] and the MTA board approved the toll rates early that December.
[103] [104] [105] The Federal Highway Administration gave its final approval on June 26, 2023, allowing the MTA to begin setting toll rates for the proposed congestion zone. Implementation was scheduled for 30 June 2024, [ 106 ] [ 107 ] but in an announcement by Governor Kathy Hochul on 5 June 2024, the plan was indefinitely postponed.
The swipe-able subway pass will stick around in 2023. That's when the MTA says all "comparable fare options" will be available through OMNY. Get more local news delivered straight to your inbox.
Nighttime toll rates will be $3.75. "Trucks and buses will pay a toll of $24 or $36 during the day, depending on their size and function, and $6 or $9 at night," the MTA’s congestion pricing ...
On February 1, 2023, as part of her Executive Budget proposal to the New York State Legislature, Governor Kathy Hochul proposed raising the MTA payroll tax, a move projected to increase revenue by $800 million, and also giving the MTA some of the money from casinos expected at present to be licensed soon for business in Manhattan.
A deal struck in 2019 paved the way for congestion pricing in Manhattan as a way for MTA to reduce traffic jams and raise $15 billion in revenue. Find out what's happening in New York City with ...
The MTA shares the final report from the Blue Ribbon Panel on Fare Evasion and demonstrates prototype fare gates at Vanderbilt Hall in Grand Central Terminal on Wednesday, May 17, 2023.
When the New York City Transit Authority was created in July 1953, the fare was raised to 15 cents (equivalent to $1.71 in 2023) and a token was issued. [102] In 1970 the fare was raised to 30 cents. [103] This token is 23mm in diameter with a Y cut out, and is known as the "Large Y Cutout".