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“If you’re going to do this type of stuff, you need to look at the real cost of running the facility, the amount of revenue you’re generating and the economic needs of running the institution.”Īccording to Peters’s estimates, 72 percent of toll dollars are profit for the Port Authority, used to subsidize less-profitable operations, such as the PATH system. “They took one action and gave five increases,” said Jonathan Peters, a toll roads expert and finance professor at the College of Staten Island. Since then, the tolls have increased by 75 cents to $1 each year. It's the last toll increase in a three-year plan that went into effect in December 2012, following a one-year period where Port Authority tolls increased twice, jumping from the $6 to $8 range to an $8.25 to $13 range. No tolls are collected while entering New Jersey. They are one-way tolls, only collected when heading into New York. The toll rates cover the Port Authority's bridges and tunnels: the George Washington, Goethals and Bayonne bridges the Lincoln and Holland tunnels and the Outerbridge Crossing. The cash price is a $1 increase, while the E-ZPass prices are 75-cent increases. There are additional increases available for carpools and low-emission vehicles.Vehicles with two axles and single rear wheels, as well as motorcycles, will pay a $15 cash toll, with an E-ZPass discounted price of $12.50 in peak hours and $10.50 in off-peak hours. Drivers with standard vehicles are paying 75 cents to $1 more in tolls on the Hudson River crossings, as the last scheduled hikes set by the Port Authority of New York and New Jersey go into effect.
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