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The latest Mineta Transportation Institute perspective, “Using Toll Revenues for Transit: It Can and Should Be Done,” explores the policy rationale and legal framework for using toll revenues to fund public transit operations in the U.S.
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New York City’s Central Business District Tolling Program has gone into effect with new signs marking the congestion relief zone.
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A proposed 40% reduction in congestion pricing tolls will save drivers up to $1,500 annually. In addition, commuters will see improved subway service, and expanded bus services.
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The public review, to be conducted in accordance with the New York State Administrative Procedure Act (SAPA), will be similar to review processes regularly undertaken when the MTA proposes fare and toll modifications.
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Following entry into a tolling agreement with the FHWA, congestion pricing could begin up to 310 days later, during which contractors would design, build, test and activate tolling equipment.
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As the MTA’s largest-ever capital plan, the agency hopes to make over $40 billion in capital investments in New York City Transit.
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