New York City's congestion pricing plan, the first of its kind in the United States, is now in effect, charging most drivers a fee of $9 per day to enter Midtown and Lower Manhattan during peak traffic hours. This long-awaited program aims to alleviate traffic congestion in the city and is expected to generate an annual revenue of $500 million to $800 million, which will be allocated for infrastructure repairs and improvements. The initiative has sparked a debate among residents and officials, with proponents arguing it will improve traffic flow and public transportation, while opponents express concerns over its impact on low-income drivers and businesses.

Key Points:

• New York City launches its first congestion pricing plan.
• Drivers are charged $9 per day during peak hours to enter specific areas.
• The plan aims to reduce traffic congestion in the city.
• Projected annual revenue is between $500 million and $800 million.
• Funds will be used for infrastructure repairs and enhancements.
• Mixed reactions exist, with supporters highlighting potential benefits and detractors raising concerns about equity.
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