As the Metropolitan Transit Authority is about to embark on the largest borrowing program in its history, the Transit Workers Union has decided to take up its megaphone and question just how much money Wall Street is making off the MTA’s debt.
The Port Authority of New York and New Jersey’s plan to increase tolls is just the latest in a series of cost saving measures — is there a cautionary tale from other urban centers or a creative model the region can follow?
New York Gov. Andrew Cuomo and New Jersey Gov. Chris Christie will support a toll hike, but one that is substantially less than originally proposed by the Port Authority, reported ABC News. ABC reported that the governors will support a toll increase of $1.50 at peak hours, and a 25 cent increase on PATH fares.
The plight of the modern Jersey commuter is top of mind this week as the Port Authority seeks to raise tolls. Perhaps some historical perspective on the trans-Hudson River commute will ameliorate the pain of those proposed hikes.
Could the Port Authority’s proposed $4 toll increase on Hudson River bridges and tunnels be the catalyst to put tolls on the free East River bridges and impose congestion pricing?
Liz Garbus is an award winning documentary film director and producer. Garbus has been nominated for multiple Academy Awards and her newest film “There’s Something Wrong with Aunt Diane” is airing on HBO’s Documentary Films Summer Series.
NY state and city comptrollers say train diversions were poorly communicated to riders and wasted more than $10 million.