The board of the Port Authority of New York and New Jersey this morning approved toll and fare hikes that will make it more costly to use its Hudson River crossings, which include bridges, tunnels and trains.
Commissioners unanimously approved the increases during a vote Friday morning at the Port Authority's headquarters in Manhattan. Three board members were not present for the vote.
It will now cost drivers $1.50 more to enter New York from New Jersey beginning next month. It will increase 75 cents every year after that.
The $1.75 PATH train fare will increase 25 cents a year for four years.
The vote became a fait accompli yesterday evening when the Governors of New York and New Jersey, who control the Port Authority board, said they would "would not oppose" the hikes. For a copy of their letter, click here.