New York City Traffic Congestion Pricing Plan Gets Federal Approval, Raising Additional $1 Billion Annually for MTA Repairs

The Federal Highway Administration approved the release of the environmental assessment for public comment, clearing the way for implementation of tolls in parts of Manhattan.
Drivers could face charges of up to $23 a day starting in late 2023 under the plan which aims to reduce traffic and fund mass transit improvements.
The assessment found the charges would decrease traffic, improve air quality, increase transit ridership, and generate $1 to $1.5 billion per year for the MTA.
The program would issue bonds against the revenue to raise $15 billion for repairs and improvements.
New Jersey's governor criticized the plan, saying it unfairly impacts New Jersey commuters who drive into the city.