No Toll Hikes in N.Y. (at Least for 2018)

No Toll Hikes in N.Y. (at Least for 2018)

The New York Thruway’s budget is holding the line on toll hikes in its 2018 budget. The Times Herald-Record, reporting from Albany on the authority, says:

“The New York State Thruway Authority adopted a 2018 budget Monday that keeps tolls flat for the eighth consecutive year.

The $1.56 billion budget, a 2.7 percent increase over 2017, includes $342.6 million in operating expenses and $863.3 million in capital expenses, with $458.8 million going toward the new Tappan Zee Bridge.

We wonder if the toll holiday will last until 2020, as Gov. Andrew Cuomo has pledged Given the cost of the bridge, which has a $4 billion price tag but roughly $400 million still unfunded, something’s got to give and likely it will be folks who drive over bridges.

The AP’s had tallied that the state has dedicated $2 billion from bank settlements and $1.6 billion from a federal loan to fund the project. We’ll keep an eye out on where the $400 million for the rest of the project comes from. But for now, 2018 appears to be a no-toll-hike year for the people who pay to cross New York’s bridges and tunnels.

 

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