The MTA Board approved a new congestion pricing program that will start at a $9 base toll in January 2024 and gradually increase to $15 by 2031.
Despite a 40% revenue reduction, officials anticipate that the congestion pricing plan will underwrite $15 billion in debt, financing essential infrastructure improvements.
The phased-in tolls will also include discounts for overnight trips and exemptions for disabled drivers, while tolls are expected to reduce Manhattan car traffic by 13%.
Rates will increase by 25% on Gridlock Alert days, and higher charges apply when tolls are paid by mail instead of using E-Z Pass.
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