New York Should Tax Parking Spaces, Not Streets, to End Standoff

New York City is facing a budget shortfall, prompting discussions on alternative revenue sources. Governor Kathy Hochul's proposal for congestion pricing in Manhattan faced political backlash, leading to considerations of a payroll tax to cover the revenue gap. Andrew Leahey, a columnist, suggests taxing parking spaces as a more politically viable option. This approach could discourage driving into congested areas, raise funds for infrastructure improvements, and spread costs across a broader base. While congestion pricing may be revisited in the future, a parking tax could serve as a temporary measure. Leahey emphasizes the importance of demonstrating the benefits of congestion pricing, drawing on examples from cities like London and Singapore where such policies have been successful. Public education campaigns and gradual implementation strategies could help garner public support for congestion pricing in the long run. Ultimately, the focus remains on finding sustainable solutions to address the city's financial challenges while promoting efficient transportation and infrastructure development.