My main concern as NYer is the governments inability to build transit, and not for lack of money. NY will find it relatively easy to institute a new tax on drivers, but will the billions collected actually make transit better in any tangible way? NYC is also hamstrung by having its streets controlled locally by our DOT, but our transit & bridges controlled by a state agency. We just caved (again) entirely to the tran…
Congestion pricing is good insofar as it deters driving. We do need to get our heads out of our asses with respect to the logistics of converting dollars to transit infrastructure, but that's basically independent. Congestion pricing revenue could be given to your favorite charity, redistributed as a citizen's dividend, or lit on fire. The important thing is that as the marginal driver the amount you have to part wit…
To assign the congestion money to a specific project, like public transit, is an act of https://en.wikipedia.org/wiki/Mental_accounting .
I would say that putting the money into the city's general fund is the least bad solution. This is because if congestion monies were put to a specific program like public transit / subsidies for the poor / etc., it becomes more complicated to ensure that those programs receive enough funding but also not too much.