In 2003, London started charging drivers a fee to drive on the city center’s narrow streets. In the years since, studies have documented reduced traffic congestion, better bus service, fewer accidents and an improved overall quality of life.
Jonathan Leape, a professor at the London School of Economics, has called the system “a triumph of economics.”south of 60th Street in Manhattan. San Francisco, Los Angeles, Seattle and other U.S. cities are considering it. Economists have been promoting congestion charges for years, said Matthew Turner, an economist at Brown University, especially now that the widespread adoption of transponders and GPS systems has removed some of the technological obstacles.
“The technology has gotten better and we’ve gotten more experienced with it, so now it’s a pretty natural thing to do,” Mr. Turner said.
Emulating Singapore style!
Manhattan/NYC Port Authority already charges bridge/tunnel tolls into city similar in pricing to the tunes of London Congestion/Emission Tax. It will be interesting to see the Tax Creativity boom in post COVID world by the authorities to balance the unbalanced sheets.
Or they can continue to let the city deteriorate. More violence, more homeless crappy schools and higher taxes. Then there will be no congestion.
I’m fine with paying a little extra to cover the cost of building a NEW piece of infrastructure that saves me time (new bridge, bypass, etc.) until it’s paid off. But to charge me for an EXISTING road? Never! 😠
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