If you live in the New York / New Jersey area you are familiar with the Port Authority. Well, they've spent themselves into such a hole they want to raise tolls and fees (again) to the tune of $1 billion.
"For decades, the Port Authority of New York and New Jersey has been one of the region’s key economic drivers, pulling in ever-increasing revenues from its airports, cargo ports and bridge and tunnel tollbooths and pumping that money back into the economy in massive job-creating infrastructure projects.
Now it’s the Port Authority that’s overextended and strapped for revenue, as its unprecedented request for a $1 billion-a-year toll and fare hike shows. The plan would raise bridge and tunnel tolls, which were just increased from $6 to $8 three years ago, to $12 next month and to $14 in 2014, and would hike PATH fares next month from $1.75 to $2.75."
Yep. It would be $12 to cross a bridge or tunnel into NYC. Unbelieveable.
UPDATE: Of course, the trains are no better.
|
|
---|
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment