NEWARK - The Port Authority of New York and New Jersey is set to vote on toll and fare hikes on its bridges, tunnels and trains.

Gov. Chris Christie and New York Gov. Andrew Cuomo released a plan late yesterday that called for more modest increases than originally proposed by the Port Authority.

The new plan calls for drivers to pay $1.50 more to enter New York from New Jersey starting next month. Smaller increases would continue yearly until 2015. Drivers without EZ-Pass would have to pay $2 extra.

The $1.75 fare to ride the PATH train would increase 25 cents a year for four years.

The Port Authority's original plan would have more than doubled tolls for some motorists from $8 to $17 by 2014.

Port Authority Chairman David Samson and Vice Chairman Stanley Grayson say they'll move the proposal to their board Friday. The agency's board is scheduled to vote on the plan at its Manhattan headquarters Friday morning.

The governors also are ordering a top-down audit of the bi-state agency after a report found it paid $86 million in overtime last year.

Click here to read the full letter released by Gov. Christie's office

NJ, NY governors release revised toll proposal