This is supposed to raise $15 billion toward the MTA $51 billion 2020 – 2025 Five Year Capital Plan. Both NJ Transit and the Port Authority have similar multi-year Capital Plans.
This a simple solution to resolve New Jersey Gov. Phil Murphy’s lawsuit against the MTA’s implementation of Congestion Price Tolling.
All the MTA has to do is share some of the proceeds. Just like the MTA, both NJ Transit and the Port Authority have similar multi-year Capital Plans. Gov. Kathy Hochul and MTA Chairman Janno Lieber should offer Governor Murphy, NJ Transit and the Port Authority and PATH a fair share of revenues generated by these new tolls Garden State residents will be paying.
Why not share 5% each with NJ Transit, Port Authority and Port Authority Trans Hudson (PATH) subway. This will still leave the MTA with 85% of toll revenues for NYC Transit bus, subway, Staten Island Railway, MTA Bus, Long Island and Metro North Commuter Rail Roads.