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kiplinger Kiplinger Save up to 74% Subscribe to Kiplinger × Search * * Investing * Retirement * Taxes * Credit Cards * Savings * Advisor Collective * More * Personal Finance * Building Wealth * Kiplinger Economic Forecasts * Business * My Kip * Store * Manage my e-newsletters * My subscriptions * Subscribe * Kiplinger's Personal Finance * The Kiplinger Letter * The Kiplinger Tax Letter * Kiplinger's Investing for Income * Kiplinger Retirement Report * Kiplinger's Retirement Planning * Newsletter sign up Newsletter Trending * Treasury Bills vs. Treasury Bonds * States With Low and No Capital Gains Tax * Retirement Accounts You Should Withdraw From First * What It Really Costs to Be Middle-Class When you purchase through links on our site, we may earn an affiliate commission. Here’s how it works. 1. Home 2. investing 3. Economy NYC TO IMPLEMENT SURGE PRICING DOWNTOWN DURING PEAK HOURS: KIPLINGER ECONOMIC FORECASTS The city will introduce "congestion pricing" in 2024. * * * * * * Newsletter sign up Newsletter (Image credit: Getty Images) By Sean Lengell published 1 day ago 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. Several crowded foreign cities already have tried congestion pricing — including London, Singapore, Stockholm and Milan and most have reported success. Charging a fee to use certain highways or lanes during peak hours in urban areas has been done for years in the U.S., but it is a new idea for downtowns specifically. SUBSCRIBE TO KIPLINGER’S PERSONAL FINANCE Be a smarter, better informed investor. Save up to 74% SIGN UP FOR KIPLINGER’S FREE E-NEWSLETTERS Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail. Profit and prosper with the best of expert advice - straight to your e-mail. Sign up In New York City, Manhattan drivers can expect to pay as much as $23 at peak hours, with reduced pricing for low-income motorists as well as taxis and rideshare drivers. The program is expected to bring in $1 billion annually and reduce vehicles entering Manhattan by as much as 20%. The city is targeting a spring 2024 rollout. RECOMMENDED VIDEOS FOR YOU...kiplinger This forecast first appeared in The Kiplinger Letter, which has been running since 1923 and is a collection of concise weekly forecasts on business and economic trends, as well as what to expect from Washington, to help you understand what’s coming up to make the most of your investments and your money. Subscribe to The Kiplinger Letter. RELATED CONTENT * The 11 Most Expensive Cities to Live in the U.S. * 10 Travel Tweeters You Should Follow to Save Money * What You Need to Know About Renting a Car * 13 Best Infrastructure Stocks for America's Big Building Spend Topics Forecast Economic Forecasts Sean Lengell Social Links Navigation 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. Latest * * Learn about the different types of savings accounts and find the right one for you. Explanation of the different types of savings accounts. By Donna LeValley • Published 1 day ago * How Investing Can Help to Create the Life You Envision Here are a few ways investing can keep you on track to achieve the life you envision, not one that happens to you while you’re chained to a desk. By Justin Donald • Published 1 day ago You might also like * Risk of Fall Government Shutdown: Kiplinger Economic Forecasts Economic Forecasts The latest Congress stalemate risks a government shutdown in October 2023, spending cuts and a dent in GDP growth. By David Payne • Published 1 day ago * China’s Economy Slows, Shows No Clear Signs of Improvement: Kiplinger Economic Forecasts Economic Forecasts China’s economy has slowed due to fewer exports, a dwindling housing market and less consumer spending. By Rodrigo Sermeño • Published 1 day ago * China’s Economy Weakened by Low House Prices and Falling Exports: Kiplinger Economic Forecasts Economic Forecasts China’s economy lost momentum in May due in part to fewer exports and declining housing prices, but the country’s fast fashion retailers are booming. By David Payne • Published 7 days ago * Cooling Labor Market Can Help Inflation Come Down: Kiplinger Economic Forecasts Economic Forecasts Inflation could ease further as the labor market cools, with unemployment edging up and more workers who are reluctant to quit. By David Payne • Published 8 days ago * How AI Could Have Positive and Negative Effects on Cybersecurity: Kiplinger Economic Forecasts Economic Forecasts The rapid growth of AI could result in more sophisticated cybersecurity scams, but it can also arm experts with more answers to security questions. By John Miley • Published 9 days ago * Watch Out for Bad Hurricanes This Year Due to Warmer Seas: Kiplinger Economic Forecasts Economic Forecasts Although meteorologists expect an average 2023 hurricane season, storms could be stronger due to above-normal sea temperatures. By Jim Patterson • Published 20 days ago * S&P 500 Companies Are Reducing Buybacks: Kiplinger Economic Forecasts Economic Forecasts Understand why the 2023 outlook for S&P 500 companies includes less cash spending and fewer buybacks. By Rodrigo Sermeño • Published 21 days ago * How the Debt Ceiling Negotiations Affect the Budget: Kiplinger Economic Forecasts Here's why a compromise on the debt ceiling means more spending caps for future annual budgets. By Sean Lengell • Published 24 days ago View More ▸ kiplinger * About Us * Contact Future's experts * Terms and Conditions * Privacy Policy * Cookie Policy Kiplinger is part of Future plc, an international media group and leading digital publisher. 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