'Why not make life easier? Why not stay in New Jersey?' Rep. Josh Gottheimer asked.
The goal of congestion pricing is for the MTA to raise much-needed revenue. The agency is hoping to use the $1 billion it expects to generate annually from congestion pricing to sell bonds worth $15 billion that can fund the latter parts of its current $51.5 billion capital plan, which is underway now. The various elements of the capital plan are expected to improve service by installing new signals, more elevators, and buying new train cars and buses.
Proponents of the plan note that the purpose is to charge drivers a rate that reflects their use of the roads, which factors in damage to the environment and the space vehicles take up, which delays buses and people in vehicles. The rate is also meant to be high enough to deter many people from driving and make public transportation a more attractive option.
This summer an MTA panel is expected to meet to hammer out the costs to drivers and any possible exemptions, other than the ones in“The Central Business District Tolling Program is intended to reduce vehicle congestion and support investment in mass transit, which benefits everyone who lives in, works in, or visits the Central Business District,” MTA spokesperson Aaron Donovan wrote in a statement.
During his press conference, Gottheimer said he’s hoping to offer tax breaks to New York-based companies that open satellite offices for their employees who live in New Jersey. He said he was in talks with several companies, but Gothamist's request for information about which companies has not yet been returned.NYC news never sleeps. Get the Gothamist Daily newsletter and don't miss a moment.
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