Traffic in NYC Costs The Economy $20 Billion

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A report, issued on Wednesday by the Partnership for New York City, says that excess congestion in New York City is causing damage to economic health to the tune of $20 billion a year.

That $20 billion figure comes from looking at four categories where businesses and residents are forced to spend or lose money – travel time, operating costs, excess fuel and lost revenue.

Cuomo and his panel are looking at a congestion-pricing plan – first suggested by then-Mayor Michael Bloomberg – that would put tolls around Manhattan’s business district.

Read more at NY POST.

{Matzav.com}

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