the staff of the Ridgewood blog
New York NY, congestion pricing is coming to New York City . After 9 years of failed leadership and a botch COVID response, suffering from an onslaught of “remote work ” options, an extremely high cost of living and insane taxes this may be the final nail in the coffin .
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Congestion pricing or congestion charges is a system of surcharging users of public goods that are subject to congestion through excess demand, such as through higher peak charges for use of bus services, electricity, metros, railways, telephones, and road pricing to reduce traffic congestion; airlines and shipping companies may be charged higher fees for slots at airports and through canals at busy times. Advocates claim this pricing strategy regulates demand, making it possible to manage congestion without increasing supply.
The New York MTA’s Environmental Impact Statement made it clear on the city’s intentions for every car trip, taxi, for-hire vehicle you may need is set to come with an added price. For Manhattanites, every truck carrying every good you eat, drink, wear, play or work with will arrive with a new fee, with major inflationary implications passed on to consumers already faced with one of the nation’s highest costs of living. NY Governor Kathy Hochul & Co. see this as an untapped cash cow. The comprehensive report outlines seven different tolling scenarios, with higher tolls rates, up to $23 during peak hours, in the scenarios that offer additional credits, caps and exemptions to certain vehicles.
Called the “Hochul Hike,” the scheme offers a range of options, but the hit — which could come as soon as next year — calls for slapping cars with as much as a $23 fee for the “privilege” of driving in Manhattan south of 60th Street. Under some scenarios, vehicles could deduct some or all of bridge and tunnel tolls from the congestion-pricing fees. But the total $23 sum works out to $115 per week for five trips. Or $5,750 for 50 weeks a year. Truck fees are even higher.
The higher fees will continue to drive people and businesses out of New York city to far greener pastures . Worse yet without a powerful economic engine in New York City , surrounding areas like Bergen county will turn into nothing more than an X-urban wasteland