***PLEASE NOTE LOCATION CHANGE***
The the PCAC meetings will now be held at 347 Madison Ave, in the 5th Floor board room.
At 1pm Alex Matthiessen, Campaign Director of Move NY, will discuss the Move NY Fair Plan for Toll Reform and Transportation Funding
This is a brief summary of the Move NY Fair Plan:
More information can be found on their website: iheartmoveny.org
The Move NY Fair Plan proposes higher tolls where transit options are most available and lower tolls where transit is either not available or a less viable option.
- The new tolls on the four East River Bridges and the 60th Street cordon will be collected electronically, “at speed” with E-ZPass.
- Vehicles without E-ZPass will be billed via optical license-plate cameras and/or cell phone apps.
- No tolls will be imposed on the Harlem River bridges.
- Ratios between CBD tolls and other MTA bridges discounted under the Move NY Fair Plan will remain constant.
The tolling plan:
- MTA’s Major Bridges — E-ZPass: $2.50 drop each way; Cash: $5.00 drop each way
- MTA’s Minor Bridges — Tolls drop $1 each way
- East River Bridges & Tunnels — E-ZPass: $5.54 each way; Pay by mail: $8.00 each way.
- 60th Street — E-ZPass: $5.54 each way; Pay by mail: $8.00
The Move NY Fair Plan is predicted to raise $1.5 billion in net revenue annually, even after covering the costs of lost toll revenues on existing tolled crossings and installing and administering the new tolling system. A quarter of these funds will be used to improve our roads and bridges with the remaining three-quarters dedicated to transit.
Benefits to drivers, riders, cyclists, and pedestrians alike, as well as to the region and economy as a whole include:
- Improved travel speeds
- Job creation
- 30,000+ new, annually recurring jobs
- A boost to the economy
- $2.8 billion in additional annual economic output
- $168 million in additional annual sales and income tax revenue
The Move NY Fair Plan would be authorized by enabling legislation enacted by the NYS Legislature as part of the 2015-2015 State budget. If enacted, it would fill the projected $15.2 billion dollar funding gap in the MTA’s 2015-2019 Capital Plan — as well as the City’s road and bridge program — but only if it is combined with existing MTA funding sources such as gas and sales taxes, car registration fees, license surcharges, and the payroll mobility tax. Thus, these existing dedicated MTA taxes must be preserved at current or greater levels as part of the legislation and bond covenants that would protect new revenue generated by the plan.