Part of Settlement $ Will Keep TZB Fares Steady
“The State will drive New York’s growth forward by investing to repair and maintain key infrastructure. It will invest $1.3 billion in the Thruway system to keep tolls down and allow for critical repair and maintenance, support the construction of the Tappan Zee Bridge and alternative transit options.” — New York State Governor Andrew Mark Cuomo, 2015 Opportunity Agenda
“We also propose to use $1.2 billion dollars of our settlement funds to protect Thruway toll payers for a year so there will be no increase in the Thruway toll for the next year and to help finance the Tappan Zee Bridge,” Cuomo said during his State of the State 2015 address.
The approximately $5 billion is from BNP Paribas SA and Credit Suisse Group AG over economic and tax improprieties.
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Summer 2012 alarm that fares would triple — $14 cash, $13.30 with E-ZPass®, and $168 for commuters ($8.40 per trip) — prompted him to ask the Thruway Authority to create a toll and finance task force.
More specific information is needed “before we can figure out what the tolls could be,” Cuomo said when in Piermont last October.
I’d like to know what you think.
Copyright © Janie Rosman and Kaleidoscope Eyes 2015