• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
EnvironmentTraffic

New York City is borrowing from the great cities of Europe with America’s first congestion pricing plan, charging $15 to most drivers

By
Karen Matthews
Karen Matthews
and
The Associated Press
The Associated Press
Down Arrow Button Icon
By
Karen Matthews
Karen Matthews
and
The Associated Press
The Associated Press
Down Arrow Button Icon
December 4, 2023, 5:11 AM ET
New York City
New York City has a lot of traffic.AP Photo/Mary Altaffer, File

Most drivers would pay $15 to enter Manhattan’s central business district under a plan released by New York officials Thursday. The congestion pricing plan, which neighboring New Jersey has filed a lawsuit over, will be the first such program in the United States if it is approved by transportation officials early next year.

Under the plan, passenger car drivers entering Manhattan south of 60th Street during daytime hours would be charged $15 electronically, while the fee for small trucks would be $24 and large trucks would be charged $36.

Cities such as London and Stockholm have similar programs in place, but New York City is poised to become the first in the U.S.

Revenue from the tolls, projected to be roughly $1 billion annually, would be used to finance borrowing to upgrade the city’s mass transit systems.

The proposal from the Traffic Mobility Review Board, a New York state body charged with advising the Metropolitan Transportation Authority on the tolls, includes discounts for travel between 9 p.m. and 5 a.m. and for frequent low-income drivers. Government vehicles such as municipal garbage trucks would be exempt.

Taxi drivers would pass a $1.25 surcharge onto their passengers for entering the congestion zone, while app-based ride-hail passengers would see a $2.50 surcharge.

Officials say that in addition to funding needed transit improvements, congestion pricing will result in improved air quality and reduced traffic.

“Absent this we’re going to choking in our own traffic for a long time to come and the MTA is not going to have the funds necessary to provide quality service,” Carl Weisbrod, chair of the traffic review board, said in presenting the report to MTA officials.

Opponents include taxi drivers, who had pushed for a full exemption.

“The city has already decimated the taxi industry with years of unregulated, unchecked competition from Uber and Lyft, and the MTA seems poised to land a final blow to the prospect of stability and modest survival,” Bhairavi Desai, executive director of the New York City Taxi Workers Alliance, said in a news release. “If this proposal is implemented, thousands of driver families will get dragged back into crisis-level poverty with no relief in sight.”

New Jersey Gov. Phil Murphy criticized the traffic mobility board’s proposal after some news organizations reported on it Wednesday ahead of its official release.

“The Traffic Mobility Review Board’s recommended credit structure is wholly inadequate, especially the total lack of toll credits for the George Washington Bridge, which will lead to toll shopping, increased congestion in underserved communities, and excessive tolling at New Jersey crossings into Manhattan,” Murphy, who filed a federal lawsuit over congestion pricing in July, said in a statement.

The MTA board will vote on the plan after a series of public hearings scheduled for February 2024.

The Fortune 500 Innovation Forum will convene Fortune 500 executives, U.S. policy officials, top founders, and thought leaders to help define what’s next for the American economy, Nov. 16-17 in Detroit. Apply here.
About the Authors
By Karen Matthews
See full bioRight Arrow Button Icon
By The Associated Press
See full bioRight Arrow Button Icon

Latest in Environment

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Environment

iran
EnergyFood and drink
A global food emergency: Why the closed Strait of Hormuz puts half the world’s calories at risk
By Aya S. Chacar and The ConversationApril 9, 2026
1 day ago
xi jinping
EnergyChina
Deutsche Bank says China is energy ‘winner’ in age of war
By Ishika Mookerjee and BloombergApril 9, 2026
1 day ago
sheinbaum
EnergyMexico
Claudia Sheinbaum wants Mexico to start fracking to get away from Trump’s natural gas. But she won’t call it that
By María Verza and The Associated PressApril 9, 2026
1 day ago
data centers
EnergyData centers
Data centers are destroying states’ clean energy dreams
By Jessica Hill and The Associated PressApril 9, 2026
1 day ago
heat
Environmentclimate change
U.S. just had its hottest March ever, in records dating back 132 years
By Seth Borenstein and The Associated PressApril 9, 2026
1 day ago
The U.S. just had its hottest March in 132 years. Scientists say to buckle up for the rest of the year
EnvironmentWeather and forecasting
The U.S. just had its hottest March in 132 years. Scientists say to buckle up for the rest of the year
By Seth Borenstein and The Associated PressApril 8, 2026
2 days ago

Most Popular

The U.S. government is spending $88 billion a month in interest on national debt—equal to spending on defense and education combined
Economy
The U.S. government is spending $88 billion a month in interest on national debt—equal to spending on defense and education combined
By Fortune EditorsApril 9, 2026
1 day ago
A Meta employee created a dashboard so coworkers can compete to be the company's No. 1 AI token user—and Zuckerberg doesn't even rank in the top 250
AI
A Meta employee created a dashboard so coworkers can compete to be the company's No. 1 AI token user—and Zuckerberg doesn't even rank in the top 250
By Fortune EditorsApril 9, 2026
1 day ago
Mark Cuban admits he made a mistake letting go of the Mavericks: 'I don't regret selling. I regret who I sold to'
Investing
Mark Cuban admits he made a mistake letting go of the Mavericks: 'I don't regret selling. I regret who I sold to'
By Fortune EditorsApril 9, 2026
1 day ago
'I hate working 5 days': Zoom CEO says traditional work schedules are becoming obsolete—and predicts a 3-day workweek by 2031
Success
'I hate working 5 days': Zoom CEO says traditional work schedules are becoming obsolete—and predicts a 3-day workweek by 2031
By Fortune EditorsApril 9, 2026
1 day ago
Schools across America are quietly admitting that screens in classrooms made students worse off and are reversing years of tech-first policies
Innovation
Schools across America are quietly admitting that screens in classrooms made students worse off and are reversing years of tech-first policies
By Fortune EditorsApril 10, 2026
12 hours ago
Gen Z doesn't want your full-time job. They want several part-time roles, and it's reshaping the entire workforce
Success
Gen Z doesn't want your full-time job. They want several part-time roles, and it's reshaping the entire workforce
By Fortune EditorsApril 9, 2026
2 days ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.