Port Authority Approves Hudson River Toll Increases at Slower Pace

by Donald Hanson • August 21, 2011 • Newsy JerseyComments (0)1350

A couple weeks ago the Port Authority made a proposal that involved increasing tolls at the Hudson River crossings  from $6 to $10 during off-peak hours and from $8 to $12 during peak hours with an additional $3 surcharge for people paying cash to bring the peak hour total to $15. In addition , PATH train rides would rise from $1.75-$2.75. You can see the details in our Toll Increase Proposal Article.

The new plan increases the tolls incrementally at a slightly lower rate

Governors Andrew Cuomo and Chris Christie offered to back a $4.50 toll increase for the bridges and tunnels operated by the Port Authority of New York and New Jersey after deeming the higher proposal “unacceptable.”

The port authority said its board, whose members are appointed by the two governors, will vote today on the plan that includes a $1.50 increase effective next month. The agency runs the George Washington Bridge and other spans between New York and New Jersey, the Holland andLincoln tunnels, and airports including John F. Kennedy International.

The terms set by Christie of New Jersey and Cuomo of New York would pare toll increases to $4.50 over five years, from $6 over four years. In return, they said they would require an audit after New York’s comptroller criticized the Port Authority’s spending on overtime.

“An increase cannot be avoided,” the governors said. The joint proposal “reduced the burden on drivers and businesses but still ensured that the authority’s finances would be stabilized.”

The governors’ plan would raise peak-time tolls $1.50 for E-ZPass users in the first year, bringing the rush-hour fee to $9.50. Drivers paying cash would pay an additional $2.50, for a total of $12 for a two-axle vehicle. Hudson River crossings would rise 75 cents each December from 2012 to 2015, they said. The toll is collected only for travel into New York.

Commuters on PATH trains would see one-way fares rise to $2 in September from the current $1.75, followed by additional 25- cent increases annually for four years.

http://www.bloomberg.com/news/2011-08-19/cuomo-christie-back-reduced-toll-increases-for-hudson-river-crossings.html

 

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