Thursday, July 19, 2007

UPDATE 2-New York City's traffic fee plan wins state OK

(Reuters) - NEW YORK, July 19 - New York City's congestion
pricing plan cleared a key hurdle on Thursday, when the state
government finally authorized it to begin installing "the
needed equipment" though lawmakers denied it the ability to
impose an $8-per-car fee without their approval.




The accord was announced by Mayor Michael Bloomberg and
Gov. Eliot Spitzer -- a few days after a federal deadline for
$2 billion in aid sought by New York and eight other cities.


Read more at Reuters.com Bonds News

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