U.S. Allocates $354 Million For New York's Traffic-Fighting Plan
The United States Department of Transportation announced today that it has allocated $354 million to help Mayor Michael R. Bloomberg finance his plan to reduce traffic in Manhattan by charging tolls to drivers entering the busiest parts of the borough.
The announcement, by Mary E. Peters, the secretary of transportation, is a major lift for the mayor, and is likely to increase pressure on legislative leaders who have balked at the plan to let the city move forward. Ms. Peters said that the city would receive $1.6 million initially, but that the State Legislature must assent to the plan within 90 days of convening -- roughly by the end of March 2008 --before the city can receive the balance.
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First Posted: 03/28/08 03:44 AM ET Updated: 11/17/11 09:02 AM ET