According to an article on the ABC Newswire:

Governor Kathy Hochul enraged environmentalists and public transit advocates — but delighted suburban commuters — by putting the brakes on a plan to battle New York City’s traffic by imposing high tolls on Manhattan drivers.

On Thursday, she was scrambling to get support for her proposal to hike a business tax as a way of replacing the $1 billion per year the tolls had been expected to raise for New York’s ailing subway system.

The governor’s behind-the-scenes effort to get legislative approval for the tax hike came a day after she unexpectedly upended the “congestion pricing” toll, a program that was in the works for years and had been scheduled to launch June 30.

Drivers entering Manhattan south of 60th Street would have had to pay tolls of around $15, depending on vehicle type, on top of tolls for entering the same area via certain bridges and tunnels.

According to The City Of New York Independent Budget Office, this toll tax on taxpayers entering New York by vehicle would gather another 1 Billion in tax revenue from taxpayers entering the city.

Governor Hochul’s announcement to delay congestion pricing just weeks before implementation without any clear alternatives—after five years of direct financial and infrastructure planning and investments—will present a challenge to the MTA in their ability to maintain and improve the transit system that New York City’s economy relies on.

• Selected further IBO reporting:
  Fare Play: Considerations for Exempting Yellow Taxis From a Congestion Pricing Surcharge (2024)
  Back On Track? Federal Aid for the MTA May Be Coming, But Fiscal Problems Remain (2021)

New Yorkers Or Anyone Driving A Vehicle Into New York: What do you think?