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PA Turnpike tolls go up 6% in 2020, but smaller increases expected beginning in 2023
The Pittsburgh Post-Gazette ^ | December 29, 2019 | Ed Blazina

Posted on 12/31/2019 4:45:29 PM PST by Tolerance Sucks Rocks

Pennsylvania Turnpike users can expect 6% toll increases in 2020 and 2021 but then — if the state Legislature follows through with plans to change how the state funds public transit — the rate of annual increases gradually will go down to 3% in 2028.

Nikolaus Grieshaber, the turnpike’s chief financial officer, outlined the agency’s financial future recently in an interview with the Pittsburgh Post-Gazette about the 6% toll hike that begins Jan. 5. The increase marks the 12th year in a row that rates have gone up and will increase the fee for a car traveling the length of the state to $61.80 from the current $58.30 for cash customers, and to $44.20 from $41.70 for E-ZPass users who several times had smaller increases to boost the use of the prepaid cards.

Mr. Grieshaber said the agency needs the rate hikes the next two years to cover the cost of debt service, which is about $750 million a year. That’s more than half of the turnpike’s annual revenue of about $1.4 billion.

“More than half of our revenue is going into debt service,” he said. “We have a lot of debt to pay down.

A major reason for the growing debt has been the turnpike’s obligation to pay $450 million a year to the state Department of Transportation to help pay for public transit. It borrows most of that money every year because it doesn’t have the cash on hand to pay it.

(Excerpt) Read more at post-gazette.com ...


TOPICS: Business/Economy; Government; News/Current Events; US: Pennsylvania
KEYWORDS: act44; act89; automation; bonds; construction; debt; ezpass; funding; happynewyear; infrastructure; localnews; paturnpike; penndot; pennsylvania; service; tolls; transferpayments; transit; transportation; unions
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1 posted on 12/31/2019 4:45:29 PM PST by Tolerance Sucks Rocks
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To: BobL; sphinx; GreenLanternCorps; Publius; oldvirginian

PING.


2 posted on 12/31/2019 4:47:39 PM PST by Tolerance Sucks Rocks (Show me the people who own the land, the guns and the money, and I'll show you the people in charge.)
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That’s the nice thing about paying via RFID, toll increases become stealth


3 posted on 12/31/2019 4:54:05 PM PST by dsrtsage (Complexity is merely simplicity lacking imagination)
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To: Tolerance Sucks Rocks

I’m about 200 miles from the nearest toll rod and plan to keep it that way.


4 posted on 12/31/2019 5:00:25 PM PST by SaxxonWoods (Epstein (Mr. T hree Orgasms required daily) did a David Carradine.)
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To: Tolerance Sucks Rocks

Dog-bites-man story. Now, tolls going down, that would be news.


5 posted on 12/31/2019 5:12:42 PM PST by rightwingcrazy (;-,)
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To: Tolerance Sucks Rocks
A major reason for the growing debt has been the turnpike’s obligation to pay $450 million a year to the state Department of Transportation to help pay for public transit. It borrows most of that money every year because it doesn’t have the cash on hand to pay it.

This is the states way of taxing the PA Turnpike users without calling it a tax.

The cheezy pols don't have the guts to raise the gas tax since it is one of the highest in the nation, so they put a levy on the turnpike and the commission just keep raising the usage rate, and only the turnpike users get screwed, while city users of public transportation get the benefit.

6 posted on 12/31/2019 5:15:17 PM PST by USS Alaska (Nuke the terrorist mooselimb savages, today.)
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To: Tolerance Sucks Rocks

Holy moley.

$62 from the Ohio Gateway across to Philadelphia?

It’s enough to make you look for an alternate route.


7 posted on 12/31/2019 5:29:18 PM PST by Dilbert San Diego
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To: Tolerance Sucks Rocks

Still paying for Slick Eddie Rendell


8 posted on 12/31/2019 5:31:49 PM PST by tired&retired (Blessings)
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To: Tolerance Sucks Rocks
A major reason for the growing debt has been the turnpike’s obligation to pay $450 million a year to the state Department of Transportation to help pay for public transit. <<

Public Transit??......Give everybody a free “Obama Car”...problem solved....../s

9 posted on 12/31/2019 5:34:17 PM PST by M-cubed
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To: Dilbert San Diego

You need to take out a second mortgage to drive on the PA turnpike. Find an alternate route.


10 posted on 12/31/2019 5:43:33 PM PST by huckfillary
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To: tired&retired

Yeah well Corbett was almost as bad.. useless inept wimp Gop governors have screwed us.


11 posted on 12/31/2019 5:50:09 PM PST by Phillyred (Kieran Hussie)
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To: USS Alaska

When was the last bus fare increase? I guess it wasn’t enough of an increase.


12 posted on 12/31/2019 5:59:03 PM PST by FoxInSocks ("Hope is not a course of action." -- M. O'Neal, USMC)
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To: Tolerance Sucks Rocks

...and if you believe that...

...your tax should go up 50%...


13 posted on 12/31/2019 6:02:05 PM PST by DoughtyOne (Pledge: "...and to the Democracy for which it stands..." I give up. Use the democRat meme...)
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To: SaxxonWoods

I don’t like toll rods either....


14 posted on 12/31/2019 6:04:28 PM PST by Osage Orange (Whiskey Tango Foxtrot)
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To: Tolerance Sucks Rocks

I seem to remember something about the turnpike that it opened ahead of schedule and below budget, and was supposed to be paid off in the 1970s. Forty years after that plan expired it’s 10 billion dollars in debt and nearly everyone who works there or has worked there in the last forty years has a connection with a PA politician: nephew, mistress, idiot son of a donor, etc...

If you want the corruption to end in PA, at least one halfway noncorrupt political party has to be available to vote for.


15 posted on 12/31/2019 6:22:27 PM PST by jz638
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To: Tolerance Sucks Rocks

When they say “public transit” they are really talking about SEPTA and the corrupt state unions.

When “Fast” Eddie Rendell was the governor of Philadelphia, he pushed this crap through, along with the casino tax. The idiot Corbet was suckered into raising the gasoline tax, to also pay for mass transit. It is a bottomless pit of corruption.


16 posted on 12/31/2019 6:24:54 PM PST by Flavious_Maximus
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To: Osage Orange

Toll roads that pay for mass transit—brilliant! ;-)


17 posted on 12/31/2019 6:29:04 PM PST by cgbg (The Democratic Party is morphing into the Donner Party)
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To: Phillyred

Corbitt was worse. He framed Joe Paterno.

Corbett’s job before becoming Gov was “in-house legal counsel “ for the garbage hauling Waste Management Inc.

As AG he started the Paterno fiasco and as Gov sitting on Penn State Board of Trustees he became judge and jury. Joe was one of the few people with pure integrity. I didn’t care for him as a coach, but I’ll never challenge his goodness. I taught at Penn State in State College and observed Joe long enough to trust him.


18 posted on 12/31/2019 6:41:15 PM PST by tired&retired (Blessings)
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To: Flavious_Maximus

I had several lunch meetings with Rendell. He oozed corruption.

I observed first hand how he rigged the approval of the casino gambling license for DeNaples, the organized crime boss in the Scranton area.


19 posted on 12/31/2019 6:48:59 PM PST by tired&retired (Blessings)
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To: Flavious_Maximus

Wolfe is equally corrupt.

They need to investigate his agreement with the Massachusetts firm that is fraudulently squeezing Pennsylvania taxpayers through Wolfe’s agreement with them through the PA Dept. Of Revenue.


20 posted on 12/31/2019 6:54:02 PM PST by tired&retired (Blessings)
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