by David Sassoon -
Aug 3rd, 2008 
Congestion pricing in New York City -- the scheme to charge a fee for driving your car into the Big Apple -- died a quiet death a few months ago. Strongly supported by Mayor Bloomberg, the idea was killed by state legislators, even though the federal government was willing to kick in $360 million to make it work.
Looks like the billionaire mayor might have been right about congestion pricing after all. The public transit system is in dire need of money, and now officials are thinking congestion pricing is the revenue source that can lead them out of enormous projected budget shortfalls.
The New York Times has an amusing story on the turn-about that includes mention of a counter-proposal for rescuing the subways and buses: a 1% increase in taxes on millionaires that would accomplish the same budgetary magic. Only in New York.
But this is no parochial story about the City That Never Sleeps alone. It's about every big city in America.
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