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The Port Authority of New York and New Jersey (PANYNJ) has approved Staten Island Borough President James Molinaro’s request to hold a public meeting to discuss the agency’s proposed toll increase at the tunnels and bridges between New York and New Jersey.

At the Aug. 16 meeting, PANYNJ officials will discuss a proposal to raise the tolls and several fares — including some charged by the Port Authority Trans-Hudson rail service — in order to address budget constraints and infrastructure needs. Earlier this month, the authority proposed a two-phase toll and fare increase to fully fund a new $33 billion 10-year capital plan.

The proposal follows the authority’s $5 billion cost-cutting plan, started in 2008, designed to better manage resources during a time of economic recession while furthering an $11 billion plan to rebuild the World Trade Center and a $6 billion plan to improve security, PANYNJ officials said in a prepared statement.