Sunday’s toll hikes are the second of five annual increases approved last year in a process that critics said was rushed and lacked transparency.
A hearing on Capitol Hill on Wednesday focused on an issue that is of major concern to commuters — high tolls. And New York and New Jersey are in the spotlight.
The agency says it needs the additional revenue the hikes will generate to pay for a new 10-year capital investment plan, maintain security, and complete the over-budget World Trade Center.
The Port Authority said the additional revenue is necessary to pay for new bus projects and much-needed fixes for bridges, roads and airports.
“If you want to raise taxes, don’t pick one class of people and say ‘I think they have too much money’ or ‘I don’t think they have enough money or whatever.’ Raise everybody’s taxes 1 or 2 percent, whatever it was,” Bloomberg said.