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Economic
Leadership
Facing Reality
The following is an opinion piece by
Building Congress President Richard T. Anderson on the Citys
need to face transportation realities and make difficult choices
about new sources of revenue.
One of the undeniable realities facing New York City is the need
to renew and improve essential transportation infrastructure. But
money for transportation improvements in New York City and
many other needed investments is scarce. Policies that raise
money from those who use services or facilities most user
fees make the most sense in lean times.
It takes courageous leadership to espouse historically unpopular
ideas for raising additional funding for transportation. Recently,
both Mayor Michael Bloomberg and City Council Speaker Gifford Miller
have spoken to the need for new sources of revenue via tolls
on East River crossings and reinstatement of the commuter tax, respectively.
These practical financial solutions, when taken together, ensure
that sacrifice is shared equitably and that those who benefit most
from our transportation network pay appropriately. Both City leaders
are on the right track and deserve the widest possible support.
While there is no lack of innovative ideas to enhance the regions
transportation network, the proposals will only be viable if accompanied
by an acceptance of the need to finance the bulk of such improvements
with local dollars. During troubled economic times, it is imperative
that
residents, commuters and businesses alike be asked to pay their
fair share of transportation costs.
The rationale behind reinstating the commuter tax, which was repealed
in 1999, is readily apparent. It would pump up to $500 million annually
into the City treasury by levying a small charge on tri-state residents
who work in New York City. It makes good sense for those who spend
a large amount of time here to help pay for essential City services.
Most telling about the tax is the lack of a constituency to abolish
it prior to 1999.
The second and more politically difficult solution is to institute
tolls on all East River bridges and tunnels. By implementing what
are actually user fees on previously free crossings, New York City
would be securing a steady and reliable revenue stream to help fund
capital projects designed, not merely to maintain our current system,
but to increase capacity where it is needed most. The New York City
Department of Transportation once estimated that tolling the East
River bridges could generate $800 million a year, which in turn
could finance approximately $8 billion in construction.
Such revenues could help fund a host of important projects
both proposed and underway that would help solve New York
Citys traffic congestion and commuter access problems. These
include: LIRR access to Grand Central; a Second Avenue subway; mass
transit access to both airports; reconstruction of the Gowanus Expressway;
construction of a rail freight tunnel to serve Brooklyn, Queens
and Long Island; and several other improvements that would directly
benefit City residents who would pay the tolls.
When it comes to East River user fees, however, the benefits to
the City do not stop with increased revenue. The introduction of
tolls would certainly make subway and Long Island Rail Road facilities
more attractive to commuters, thus cutting travel time for commercial
traffic and easing traffic burdens on neighborhoods such as Long
Island City, Williamsburg and the Canal Street area.
Additional gridlock could be averted through the implementation
of congestion pricing on all New York City bridges and tunnels as
well
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