Toll increases aren't included in the stateThruway Authority's $2 billion budget for 2015 — but that doesn't mean they won't eventually happen. The big factor may be the new Tappan Zee Bridge. Read More
Tag: Transportation
The New York State Thruway Authority adopted a 2015 operating and capital budget of $2 billion Friday that didn’t tell anybody anything they didn’t already know – namely, that tolls are going to have to rise. Read More
The New York Thruway Authority’s $2 billion budget plan for next year includes nearly $1 billion to keep building a new Tappan Zee Bridge in the lower Hudson Valley. Read More
New York State Thruway chairman Howard Milstein resigned in early December— but he left behind the bill. The Thruway hasn’t explained how it will pay for its signature project: the Tappan Zee Bridge replacement. Gov. Andrew Cuomo should resist the urge to pay for the New NY Bridge with the billions the state is getting from rogue financial firms. Read More
To make the 2015 proposed $2 billion budget balance without any toll increase, the Thruway is depending on more drivers than its own traffic consultant estimates, according to E.J. McMahon, an Albany budget watchdog who is president and founder of the Empire Center for Public Policy. That means the Thruway is counting on $31 million more in toll revenues in 2015 than forecasted in its traffic study, McMahon says. Read More
"It's obvious that there is going to have been some movement in tolls on the Thruway. The question is who pays, how much, how soon," said E.J. McMahon, president of the Empire Center for New York Policy, who analyzed the documents. Read More
The president of the Empire Center for Public Policy, E. J. McMahon said, "Sometime in the next few years the thruway will be raising tolls. In all likelihood that is pretty clear by looking at their finances." Read More
E.J. McMahon with the Empire Center for New York Policy told WCBS 880’s Paul Murnane that the Thruway Authority might have to hike tolls 44 percent systemwide in four years or look at a nearly $16 toll on the new Tappan Zee. Read More