Crypto News: Congestion pricing's early success

Even as NYC congestion pricing confronts potentially fatal challenges from the Trump administration, data on its first weeks of operation show the program is working as intended.

The toll on drivers in Manhattan's busiest neighborhoods raised $48.6 million between its start date of Jan. 5 and Jan. 31, according to the Metropolitan Transportation Authority, in line with agency projections. Revenue from the congestion charge is essential to MTA plans to upgrade and expand the subway, but it would be cut off if the federal Department of Transportation succeeds in its bid to halt the program. New traffic data shows the toll is also reaching its goals to reduce congestion and air pollution: There were 2.6 million fewer vehicles south of 60th Street from the start of congestion pricing through Feb. 17. Michelle Kaske breaks down the numbers today on CityLab: NYC's Congestion Pricing Pulls In $48.6 Million in First Month.

— Magdalena del Valle

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