From the Maryland Reporter
By Megan Poinski
Toll increases are always unpopular, but now they are very necessary, Swaim-Staley told the Public Safety, Transportation and Environment Subcommittee of the Senate’s committee on Budget and Taxation. The Maryland Transportation Authority, which is responsible for the state’s toll roads, tunnels and bridges, has taken on additional debt to do several long-awaited projects in the last couple of years, and now has an additional $53 million of annual debt service. Much of that debt service will be covered by tolls.
Swaim-Staley pointed out that the proposed toll increase should not be a surprise. She said the last several reports to General Assembly committees have predicted toll increases in 2012. However, the size of the projected increases has been decreasing.
“We thought in ‘09 it would be $1.35. Now, we’re thinking 75 cents or less,” Swaim-Staley said.
Story continues here: http://marylandreporter.com/2011/02/25/higher-tolls-coming-on-bridges-tunnels-and-highways/#ixzz1EylzpHoW
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