NYC Congestion Toll Revenue Is Exceeding Projections

The New York Times reports:

New York’s congestion pricing plan raised $48.6 million in tolls during its first month, a strong start for the program that exceeded expectations and kept it on track to raise billions of dollars for the region’s decaying mass transit system. The revenue figures, which were released on Monday by the Metropolitan Transportation Authority, are the latest sign that the tolling plan is working, even as President Trump has moved to kill the program.

The M.T.A., which oversees the plan, expected to collect an average of $40 million a month in the program’s first phase. The first month’s revenue will pay for $11 million of expenses related to setting up tolling cameras and other parts of the system. That leaves about $37.5 million that can be applied toward financing a slew of major transit repair projects, said Jai Patel, the M.T.A.’s co-chief financial officer.

Read the full article.

Traffic is down.

Transit ridership is up.

Funding for the MTA is up.

In just the first month, it’s clear: Congestion pricing is working. pic.twitter.com/sjX01DNLB0

— Governor Kathy Hochul (@GovKathyHochul) February 24, 2025