Michael Bloomberg

Sure, everyone called it a congestion pricing plan. But New York Mayor Michael Bloomberg’s ambitious proposal to charge drivers $8 to enter Manhattan below 60th Street during peak hours was more about cordon pricing, literally drawing a line around downtown. Singapore, London, and Stockholm have implemented similar plans. In contrast, the typical congestion pricing project in U.S. metro regions doesn’t Read More ›

NEARLY ALL 50 states are experiencing budget crises, with California in the worst shape, facing a $38.2 billion deficit. Even Arizona has a $1.3 billion shortfall. Washington state has had to close schools. Connecticut is cutting 2,800 public employees. In this context, New York state’s $11.5 billion deficit on a $92 billion budget is only slightly above average, while New Read More ›