New York City revives congestion pricing plan to end gridlock [CNBC]
Comcast Corporation - Class A (CMCSA)
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Source: CNBC
aimed at reducing gridlock by imposing a $9 toll on most vehicles entering the core of Manhattan during peak hours. Hochul made the announcement four months after she put the brakes on an earlier version that would have gone into effect in June and would have charged cars $15 to enter Manhattan below 61st Street, and hit trucks with even higher tolls a few months later. At the time, Hochul said congestion pricing at that rate would be a hardship on New Yorkers struggling to make ends meet in the post-pandemic economy. “I believe that no New Yorker should have to pay a penny more than absolutely necessary to achieve these goals, and $15 was too much,” Hochul said Thursday at a news conference. “I am proud to announce we have found a path to fund the MTA, reduce congestion and keep millions of dollars in the pockets of our commuters.” The lower toll will still allow officials to make improvements to New York City's aging transit system “and begin to drive down gridlock” while im
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- 11/5/24 - Form 4
- CMCSA's page on the SEC website