Sunday, January 22, 2017

Toll Rate Cuts Cost Less Than Expected

New data released by the MDTA showed that toll rates cuts introduced last year reduced overall revenues by only one percent, according to a report in the Baltimore Sun.

Between 2006 and 2014, Maryland saw large increases in toll rates at every facility, averaging close to 75%, including large toll rate increases in 2012 and 2014.  After Governor Hogan took office, the MDTA cut toll rates at most facilities.  While some facilities saw large decreases in revenues as a result, on the whole traffic at toll facilities increased and the total drop in toll revenue was only $5.1million, or one percent.  Toll revenues slated to finance new construction projects had been projected to decline, but data now shows the decreases were mostly offset by increased usage of toll facilities.  Only two toll facilities, The Bay Bridge and the Nice Bridge, saw revenues decline.  All other facilities, including the Inter County Connector and the Fort McHenry Tunnel, saw overall revenues increase despite the toll rate decreases.

Complete Coverage in the Baltimore Sun.