From Governor Andrew M. Cuomo <[email protected]>
Subject New York's Fragile Economic Recovery
Date March 13, 2024 1:15 PM
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www.andrewcuomo.com [www.andrewcuomo.com]

Friend,

Post-COVID, New York remains a fragile place.

Remote working has kept office occupancy in Manhattan low. Crime and homelessness remain a problem, and the costs of the migrant crisis are stretching the city’s finances to the limit [[link removed]] . The federal government is nowhere to be found and what help the state is providing is not enough.

We’re at a tipping point and I worry that adding congestion pricing to the mix right now may cause it all to teeter over.

Now, I support congestion pricing and fought to pass it into law five years ago. However, its implementation was delayed by years of Washington bureaucracy and now New York finds itself in a much different place than in 2019.

Remember, this policy was to incentivize people using public transportation. But now ridership remains at 29 percent of pre-Pandemic levels and convincing people it's a safe alternative on one hand is tough when subway crime dominates the headlines and armed National Guard soldiers have been deployed to stations as a deterrent.

Throwing a $15 car fee into the equation now may result in people choosing to stay home - or leave New York all together and work remotely. The city is where a majority of this state’s revenue is generated and if our leaders aren’t careful, their actions could kill the golden goose.

I write more about this in an Op-Ed recently published in the New York Post. You can read it here [[link removed].] .

I also sat down to discuss this issue with Marcia Kramer at CBS 2. You can watch that here [[link removed]] .

As always, thank you for your support and your friendship.

Governor Andrew Cuomo

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