After facing a public uproar and faux-outrage from the New York and New Jersey governors, the Port Authority on Friday announced a reduced series of fare and toll hikes for its river crossings and PATH trains. The new plan, which is contingent on the requirement of a comprehensive review of the agency’s capital plan and operations to ensure accountability, will help fund a $25.1 billion capital plan over the next four years, and it will see PATH fares increase by 25 cents a year over those four years.
This new version of the budget ostensibly takes into account “toll and fare payers’ economic realities,” and it represents spending cuts over the previous version as well. Instead of a $33 billion capital plan for 10 years, this new one covers the same time span but for $6 billion less. These cuts came amidst public pressure from Governors Andrew Cuomo and Chris Christie that many thought was less than sincere. Clearly, these governors were aware of the fare and toll hike plan but were able to curry voter points by proclaiming public outrage.
Still, the Port Authority responded and agreed to limit the increases to $4.50 over the next five years. “Because of the leadership of our Governors, I believe we have reached the right balance by prioritizing our infrastructure needs while heeding the concerns of our toll and fare payers. We also now have the direction to ensure that our future finances and operations are prudently managed and efficient,” PA Chairman David Samson said. “By our action, today we demonstrate we are getting back to our original mission and continuing our more than 90 year tradition of being the economic engine and transportation infrastructure leader of New York and New Jersey.”
The new fare and toll increases, then, look a little something like this:
- Tolls on cars using E-ZPass will increase $1.50 in September 2011 and then 75 cents in December each year from 2012-2015 for a total increase of $4.50 over five years, down from the proposed $6 increase over four years.
- Cars paying with cash will have the same increase, but will be subject to an additional $2 penalty (rounded up to the nearest whole dollar).
- Tolls on trucks using E-ZPass will pay an additional $2 per axle in September 2011, and then an additional $2 per axle in December of each year from 2012 -2015.
- Tolls on trucks paying cash will have the same increase but will be subject to an additional $3 per axle cash penalty.
- Fares on the PATH train will increase 25 cents per year for the next four years.
It is currently unclear what the full structure of the PATH increases will be. After four years, the base fare will be $2.75, but the costs for the discounted unlimited ride cards are unknown. In the original plan, the 30-day card jumped from $54 to $89. Riders were of course outraged, but this plan seems to ensure that the PA can continue to grow while providing for over 100,000 jobs in the area.
According to the PA’s report, over 60 percent or nearly $15 billion will be spent over the next four years, and projects funded include work on the George Washington Bridge, the Lincoln Tunnel Helix rehab, the Bayonne Bridge roadway, PATH car, signal and station modernization and airport runway modernizations. These are, of course, some badly needed projects.
“I can tell you what the effect would be if they didn’t raise the tolls,” Mayor Micheal Bloomberg said. “The bridges eventually would fall down. We wouldn’t be able to make the commute better and let business go back and forth under the river and over the river. If you want services you have to pay for them.”
And therein lies the rub. If you want services — and better ones at that — ultimately, you have to pay for them.