January 19, 2018

WE ARE ALL NEOCONOMIST NOW:

Driving a Car in Manhattan Could Cost $11.52 Under Congestion Plan (JIM DWYER and WINNIE HU, JAN. 18, 2018, NY Times)

Driving a car into the busiest parts of Manhattan could cost $11.52 under a major proposal prepared for Gov. Andrew M. Cuomo that would make New York the first city in the United States with a pay-to-drive plan.

Similar traffic charges are already used in cities like Singapore, Stockholm, London and Milan, but New York has rejected or ignored versions of them dating to at least the 1970s. The newest plan embraces the twin goals of easing Manhattan's choking traffic while raising badly needed revenue for the city's failing subways and buses.

Trucks would pay $25.34, and taxis and for-hire vehicles could see surcharges of $2 to $5 per ride. The pricing zone would cover Manhattan south of 60th Street. In a key change from past efforts, drivers would not have to pay if they entered Manhattan by all but two of the city-owned East River bridges, which are now free to cross, as long as they bypassed the congestion zone.

Seems like those charges are insufficient to cover the externalities.

Posted by at January 19, 2018 9:18 AM

  

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