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8min chapter
The Rise and Fall of Congestion Pricing in New York
The Daily
The Impact of 2022 Midterm Elections and Challenges of Congestion Pricing in New York
The chapter analyzes how the 2022 midterm elections in New York showcased a 'red wave' concern for Democrats, particularly with issues like crime affecting suburban voters. It delves into Governor Kathy Hochul's postponement of congestion pricing before the election, its implications on New York City's recovery and subway funding, and the ensuing financial challenges after the plan was abandoned. The episode also explores alternative revenue options like raising the payroll tax and the uncertainties surrounding the future of congestion pricing in New York and potentially in the US.
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highlights
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