NYC’s Revised Congestion Proposal Would Raise Fee to $15 by 2031

Bloomberg11-18

(Bloomberg) -- New York City transit officials are set to vote Monday on a revised toll program that would charge most motorists $9 to drive into large sections of Manhattan starting in January, with ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2484650900?lang=en_US&edition=fundamental","thumbnail":"https://www.bnnbloomberg.ca/resizer/v2/T2FE2L6JC6WTSHIJRIWTZVII7M.jpg?smart=true&auth=bc8b6a7dc2cef8fd226de4b9284429423b3b6eb56f5fe1e31851a0c731bddd5e&width=500&height=333","is_english":true,"pubTime":"2024-11-18 06:42","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2484650900","market":"nz","top_or_hot":-1,"title":"NYC’s Revised Congestion Proposal Would Raise Fee to $15 by 2031","media":"Bloomberg","content":"<div>\n<p>(Bloomberg) -- New York City transit officials are set to vote Monday on a revised toll program that would charge most motorists $9 to drive into large sections of Manhattan starting in January, with ...</p>\n\n<a href=\"https://www.bnnbloomberg.ca/investing/2024/11/17/nycs-revised-congestion-proposal-would-raise-fee-to-15-by-2031/\">Source Link</a>\n\n</div>\n","source":"bnn_bloomberg_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>NYC’s Revised Congestion Proposal Would Raise Fee to $15 by 2031</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNYC’s Revised Congestion Proposal Would Raise Fee to $15 by 2031\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-18 06:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bnnbloomberg.ca/investing/2024/11/17/nycs-revised-congestion-proposal-would-raise-fee-to-15-by-2031/><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- New York City transit officials are set to vote Monday on a revised toll program that would charge most motorists $9 to drive into large sections of Manhattan starting in January, with ...</p>\n\n<a href=\"https://www.bnnbloomberg.ca/investing/2024/11/17/nycs-revised-congestion-proposal-would-raise-fee-to-15-by-2031/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"NYC","symbol_name":"American Strategic Investment","start_time":0,"source_url":"https://www.bnnbloomberg.ca/investing/2024/11/17/nycs-revised-congestion-proposal-would-raise-fee-to-15-by-2031/","article_id":"2484650900","we_media_id":null,"thumbnails":["https://www.bnnbloomberg.ca/resizer/v2/T2FE2L6JC6WTSHIJRIWTZVII7M.jpg?smart=true&auth=bc8b6a7dc2cef8fd226de4b9284429423b3b6eb56f5fe1e31851a0c731bddd5e&width=500&height=333"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2484650900","pubTimestamp":1731883353,"sourceInfo":{"source_id":"bnn_bloomberg_highlight","name":"Bloomberg"},"weMediaInfo":null,"summary":"New York City transit officials are set to vote Monday on a revised toll program that would charge most motorists $9 to drive into large sections of Manhattan starting in January, with the fee set to increase to $15 by 2031.","collect":0,"end_time":0,"defaultTopTitle":"bnnbloomberg.ca","property":[],"viewcount":null,"language":"en","relate_stocks":{"NYC":"American Strategic Investment","BK4233":"房地产运营公司","BK4160":"多样化房地产投资信托v"},"translate_title":"纽约市修订后的拥堵提案将到2031年将费用提高至15美元","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NYC":1},"content_text":"(Bloomberg) -- New York City transit officials are set to vote Monday on a revised toll program that would charge most motorists $9 to drive into large sections of Manhattan starting in January, with the fee set to increase to $15 by 2031.The $9 toll would bring in revenue that the Metropolitan Transportation Authority, which runs the city’s transit network, would borrow against to modernize a more than 100-year-old system beset by delays and needed upgrades. New York Governor Kathy Hochul on Thursday restarted the tolling plan — after abruptly pausing it in June — and slashed the original pricing structure by 40%.Hochul now wants to push through congestion pricing before President-elect Donald Trump, who opposes the new fee, takes office. Even with its reduced pricing structure, the initiative — the first of its kind in the US — will still provide the $15 billion originally planned to upgrade MTA’s infrastructure, Hochul said. Officials are seeking to begin charging drivers on Jan. 5, with E-ZPass motorists paying $9 during peak hours for the first three years of the program. Starting in 2028 the $9 toll would increase to about $12, while in 2031 it would jump to $15, according to MTA documents. The MTA is set to vote on the new tolling structure at its monthly board meeting on Monday.The toll will apply to vehicles entering south of 60th Street in Manhattan. Beyond revenue, the goal is to reduce traffic, improve air quality and to encourage people to use public transportation. Hochul will need the federal government to approve the revised tolling structure and also sign a value pricing pilot program with New York and the city. ©2024 Bloomberg L.P.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2484650900"}