A couple of weeks ago, New York State Thruway Authority Chairman Howard Milstein was asked how high the tolls will go on the new Tappan Zee Bridge. The Chairman replied, “Do the math, and you’ll find out that it’s not going to be a high number.”
But doing the math is pretty much impossible when basic numbers about how the bridge will be funded are kept from the public and when requests for information are met with a sea of black ink that blocks out all relevant information.
Also, what is perceived to be a “high number” varies from person to person. Comments made by New York State officials have hinted that future tolls will be in the range of $10 to $14; other estimates have been higher. Conspicuously absent from this discussion is an estimated toll savings from the controversial Clean Water State Revolving Fund loan to the Thruway Authority.
Governor Cuomo’s June 16 press release rationalized the raid on clean water funds as a way to “help keep tolls on the new bridge as low as possible.” When the public and officials questioned the loan, the administration fired back that those who oppose the loans “must be in favor of higher tolls on the new bridge,” though no mention was made of how much these loans will reduce the tolls. But a rough analysis by TSTC of documents released after the New York State Public Authorities Control Board approved the loan on July 16, shows that the toll reduction could be as little as 8 cents per toll. Put another way, an eight cents reduction would represent a 0.057 percent reduction on a hypothetical $14 toll. Even when calculated over a period of five years—the life of the CWSRF loan—is this reduction worth the potential health risks and reduced water quality resulting from a raid of funds used to protect and maintain water quality throughout the state?