Report: Congestion Pricing Fee Could Allow For Free Public Transit
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The environmental group that's been pushing for a free public transit system said Thursday that if Mayor Michael Bloomberg doubled the congestion pricing fee, free subways and buses could be a reality.
The Institute for Rational Urban Mobility says if the city were to charge drivers $16 dollars to enter most of Manhattan at all times, there'd be enough revenue that the subways and buses could be free. The mayor wants to charge drivers $8.
The group says a $16 toll would bring about $3 billion in revenue — which would be enough to cover all transit fares paid in the city in a typical year.