NYC to Implement Surge Pricing Downtown During Peak Hours: Kiplinger Economic Forecasts

The city will introduce "congestion pricing" in 2024.

(Image credit: Getty Images)

Road congestion is nothing new, but it is always frustrating. In looking for new ways to combat heavy traffic, some big cities are charging motorists more money for their time on the road. To help you understand what is going on and what we expect to happen in the future, our highly-experienced Kiplinger Letter team will keep you abreast of the latest developments and forecasts (Get a free issue of The Kiplinger Letter or subscribe). You'll get all the latest news first by subscribing, but we will publish many (but not all) of the forecasts a few days afterward online. Here’s the latest...

More cities are looking at charging drivers a fee to enter downtown areas. New York City is the first place on track to implement congestion pricing, for much of lower and midtown Manhattan. Other major U.S. cities will study the use of this pricing system for their downtowns, especially if the New York plan proves successful. 

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Sean Lengell
Associate Editor, The Kiplinger Letter

Sean Lengell covers Congress and government policy for The Kiplinger Letter. Before joining Kiplinger in January 2017 he served as a congressional reporter for eight years with the Washington Examiner and the Washington Times. He previously covered local news for the Tampa (Fla.) Tribune. A native of northern Illinois who spent much of his youth in St. Petersburg, Fla., he holds a bachelor's degree in English from Marquette University.