Toll hike increases have taken effect on all Hudson River crossings creating some of the most expensive tolls in the country. A typical five-axle tractor-trailer will now pay $105 in the cash toll, $95 using E-ZPass during peak hours, and $85 using E-ZPass during off peak hours. A typical three axle truck will now pay $42 in the cash lane, $36 using E-ZPass during peak hours and $34 using E-ZPass during off peak hours.
This toll hike comes as The Port Authority proposed a $6.5 billion budget for 2016. $3 billion will go to the operating budget. $3.5 billion will go to the capital budget for what they call “critical-state-of-good repair to existing transportation facilities”. New infrastructure is proposed as well. The Board will approve the final budget on December 10th and is taking public comments on the proposals until then.
About $950 million will go to tunnel, bridge and terminal facilities including the Bayonne, Goethals, and George Washington Bridges.
“This is a fiscally responsible budget that provides us the resources to plan for future growth at our airports, in trans-Hudson travel and in cargo growth at our seaports, while allowing us to invest in projects that create jobs and enhance regional mobility,” Port Authority Executive Director Pat Foye said in a statement on Monday. “Our staff meticulously prioritized our resources to continue to keep the increase in core operating expenses to 2.4 percent.”