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Revenue

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Congestion Pricing Plan Set To Start In NYC: Here's When, Where, What It Costs Congestion Pricing Plan Set To Start In NYC: Here's When, Where, What It Costs
Congestion Pricing Plan Set To Start In NYC: Here's When, Where, What It Costs Driving into New York City and heading south of midtown Manhattan? You'll be paying for it. New York City’s congestion pricing plan, set to begin on Friday, Jan. 5, aims to reduce traffic congestion, improve air quality, and fund crucial public transit upgrades.  Vehicles entering Manhattan below 60th Street will incur a toll, with rates starting at $9 per day. The Federal Highway Administration approved the program last month. However, lawsuits could potentially stop the planned rollout. The toll is aimed at reducing gridlock and enhancing traffic flow in the Central Business Distr…

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by Joe Lombardi
Politics
Cuomo Vetoes Mount Pleasant Hotel Occupancy Tax Cuomo Vetoes Mount Pleasant Hotel Occupancy Tax
Cuomo Vetoes Mount Pleasant Hotel Occupancy Tax New York Gov. Andrew Cuomo has vetoed legislation that would have permitted Mount Pleasant to enact a new hotel occupancy tax following three years of debate regarding the bill. Last year, town officials approved a plan to add a 3 percent tax to hotel rates in an effort to increase revenue. Last week, Cuomo’s office announced that it is vetoing the legislation, without offering a reason in the announcement. Cuomo also vetoed similar legislation in other municipalities throughout the state. Presently, there is one hotel within the town’s borders, with a second planned in the coming years. …

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by Zak Failla