New York City transit officials are set to vote on a revised toll program that will implement a $9 fee for most drivers entering certain parts of Manhattan starting in January. This fee is part of a larger initiative aimed at generating revenue for the Metropolitan Transportation Authority (MTA), which plans to borrow against these funds to update its aging transit system, which is over a century old and plagued by delays.
The tolling plan, revived by Governor Kathy Hochul after a pause in June, has significantly reduced the original pricing structure by 40%. The toll is expected to increase to $15 by 2031, reflecting the city's ongoing efforts to tackle congestion and enhance public transportation infrastructure.