The Assembly Transportation and Independent Authorities Committee on Monday will receive testimony regarding the subsidization of ferry transportation in New Jersey.
The committee will meet Monday at 10 a.m. at the Stevens Institute of Technology, Howe Center, 1 Castle Point Terrace, Bissinger Room, 4th Floor, Hoboken, New Jersey. The hearing will focus on the operation of ferry services and the subsidization of those services, including the subsidy provided for ferry service connecting the Atlantic Highlands with Jersey City and Hoboken.
The fare subsidy, which was suspended in July, https://www.nytimes.com/2017/07/06/nyregion/millions-meant-for-rail-tunnel-subsidize-ferry-rides-for-a-few.html”>was estimated to be about $95 per passenger round trip. Under Gov. Chris Christie, millions of dollars from the Port Authority of New York and New Jersey’s budget – money originally intended to fund the Access to the Region’s Core (ARC) commuter rail tunnel – were reallocated to subsidize ferry commutes between Monmouth and Hudson counties.