Joshua Chaffin of the Financial Times reports on New York’s congestion pricing scheme.
- New York City recently passed a plan to enact congestion pricing, much to the ire of New Jersey residents.
- Under the plan commuters would be charged higher rates to cross into the city at busier times of the day.
- The increased tolls would fund public transit in NYC and incentivize commuters to find more efficient transportation methods like carpooling or taking the train.
- Congestion pricing is an effective way to reduce emissions and traffic.
Read the full article here.