Port Authority blames inflation, revenue losses for toll hikes

Toll hikes are expected to go into effect Jan. 1

Rhonda Schaffler, Business Correspondent | November 18, 2022 | Transportation

After several years without an increase, tolls are set to rise on the bridges and tunnels to New York. The Port Authority is increasing tolls by $1, blaming high inflation and revenue losses due to the pandemic.

The toll increases — the first since 2019 — will go into effect on Jan. 1, assuming the agency’s board of commissioners approves the Port Authority’s new $8.3 billion budget for 2023 next month. There will also be a 45-cent increase in fares for the AirTrain at Newark airport. PATH fares will not increase.

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