Program Remains on Track to Generate $500 Million By End of Year
$51.9 Million Collected in February
CRZ Revenue Funds Essential Transit Projects
Watch Finance Committee Presentation on CRZ Revenue Report
The Metropolitan Transportation Authority (MTA) today announced that from February 1 through February 28, tolls from the Congestion Relief Zone (CRZ) generated $51.9 million in revenue with a net after expenses of $40.4 million. This keeps the program on track to provide the $500 million that was initially projected. The MTA will continue to report revenues from this program monthly.
“Once again, the extensive studies done are proving to be reliable as we close the second month of the program with revenue in line with projections,” said MTA Co-Chief Financial Officer Jai Patel. “The program continues to reduce traffic while generating projected funds for critical transit projects.”
$51.9 million was collected from the tolling program, 24% of which comes from taxis and for hire vehicles ($12.3 million), 66% comes from passenger vehicles, 9% from trucks, and 1% from buses and motorcycles. 95% of revenue was gathered during peak tolling hours. Expenses from the program including operating camera infrastructure and customer service amounted to $9.5 million. Combined with another $2 million for mitigation efforts, expenses totaled $11.5 million. This resulted in a net surplus of $40.4 million.
Congestion Relief revenue funds projects in the 2020-2024 Capital Program, including accessible stations upgrades, installing modern signaling on Fulton line in Brooklyn and Liberty Av in Queens on the , new rolling stock, zero-emission buses, extending the Second Ave Subway into East Harlem, and more.
Monthly reporting on revenue is part of the MTA’s commitment to transparency. Data on the volume of vehicles entering the CRZ and the excluded roadways is also available on the MTA’s data transparency website and can be downloaded on New York State Open Data. The dataset can be viewed by location, time, and type of vehicle down to 10-minute increments.