Congestion pricing in Manhattan generated extra income than anticipated throughout the second month of tolling, knowledge launched by the MTA Monday exhibits.
The toll — which expenses most drivers $9 per day to drive on floor streets in Midtown and decrease Manhattan — generated $51.9 million in gross income in February, $2.3 million greater than the $49.6 million the MTA had budgeted.
On the similar time, for the second month in a row, this system value much less to manage than had been budgeted — $11.5 million, down greater than $5 million from a projected value of $16.6 million.
Internet income for the month of January is $40.4 million — up from the $37.5 million internet income raised by the toll in January.
“We’re on track to deliver $500 million of net operating revenue from congestion pricing,” Patel instructed the MTA’s board.
Two-thirds of the income reported Monday was raised by passenger autos — the abnormal vehicles, pickups and SUVs whose drivers pay the $9 toll. Taxis, Ubers and Lyfts — which cross the toll on to their passengers as a per-trip surcharge — made up 24% of the February income. Vehicles, which pay a larger toll relying on their measurement contributed to 9% of the income, and buses and bikes had been answerable for 1%.
The income report comes lower than every week after President Trump’s transportation secretary, Sean Duffy, prolonged his arbitrary “deadline” for New York to finish the toll, which started in January after years of environmental critiques and authorized approvals.
Gov. Hochul reiterated final week that she intends to maintain the toll operating. The feds have but to answer a go well with filed by the MTA calling Duffy’s order unconstitutional.
