It's a regressive nearly flax tax amounting to a taking from the residents of lower Manhattan. If they wanted to reduce congestion all they would have to do is make the free street parking NYC residents only. Many cities do that. An issue with this was it was clearly not about congestion except in name it was MTA can't build anything without spending multiples of the next most expensive transit system. The singular goal was to hit an arbitrary number. And if traffic dropped leaving revenue below rhe goal the costs would have been hiked. This was a hammer when they needed a scapel.