Fourth Port Authority Toll Hike in Four Years Takes Effect
Port Authority voting on proposed 2015 $7.8B budget after upcoming toll hike
December 8,2014
the staff of the Ridgewood blog
The Port Authority has unveiled a proposed $7.8 billion budget for 2015. The board of commissioners will vote on the plan Wednesday, days after the fourth toll hike in as many years. Cash tolls will increase by $1 to $14 this weekend, while E-ZPass goes up by 75 cents.The $7.8 billion combined spending plan includes: a $2.9 billion operating budget; $1.1 billion in debt service; and a very robust capital program of $3.6 billion highlighted by continuing work on the Bayonne Bridge roadway raising, replacement of the Goethals Bridge, overhauls of the George Washington Bridge and Lincoln Tunnel Helix, and completion of the transportation hub plus other work at the World Trade Center site, which makes up 45 percent of capital costs.
