Cross-state turnpike trip likely to hit $50 by 2021
The cash toll for a cross-state trip on the Pennsylvania Turnpike is expected to reach about $50 by 2021, state Auditor General Eugene DePasquale said on Tuesday. He urged lawmakers to halt spiraling debt from the contributions the turnpike must make toward other state transportation needs.
Legislators are considering a major expansion of transportation spending and appear to generally agree that any plan should gradually eliminate Turnpike Commission subsidies. There is no consensus on some details, including the length of a phase-out.
“The longer it takes to phase out that debt, the more expensive it will be,” DePasquale, a Democrat who took office in January, told the House Transportation Committee.
DePasquale presented a report that documents how the annual transfers of hundreds of millions of dollars from the turnpike to PennDOT that began in 2007 are forcing significant toll increases and hurting the turnpike's financial condition as it borrows money to make the mandatory payments.
As of May 31, the turnpike had paid out $3.9 billion that was financed by $4.3 billion in debt, he said.
Major credit rating agencies — Moody's, Standard & Poor's and Fitch — have downgraded the turnpike's bonds since the 2007 law was enacted.
The turnpike's total debt obligation, excluding interest, increased from $2.5 billion in 2007 to nearly $8 billion last year.
The payments are a holdover from a 2007 law that dedicated billions of dollars to the state's roadwork and bridge repair needs, and authorized the turnpike commission to collect tolls on Interstate 80. Federal regulators rejected the I-80 tolls, but the law requires a $450 million-a-year transfer to PennDOT through 2057.
The cash tolls DePasquale cited have increased faster than E-ZPass tolls as the commission tries to get motorists to switch to the electronic system.
The cash toll for the 357-mile turnpike trip from the Gateway interchange near the Ohio border to the Delaware River Bridge into New Jersey is $39.15. It is expected to reach $49.59 in eight years, DePasquale said.
Show commenting policy
TribLive commenting policy
You are solely responsible for your comments and by using TribLive.com you agree to our Terms of Service.
We moderate comments. Our goal is to provide substantive commentary for a general readership. By screening submissions, we provide a space where readers can share intelligent and informed commentary that enhances the quality of our news and information.
While most comments will be posted if they are on-topic and not abusive, moderating decisions are subjective. We will make them as carefully and consistently as we can. Because of the volume of reader comments, we cannot review individual moderation decisions with readers.
We value thoughtful comments representing a range of views that make their point quickly and politely. We make an effort to protect discussions from repeated comments either by the same reader or different readers.
We follow the same standards for taste as the daily newspaper. A few things we won't tolerate: personal attacks, obscenity, vulgarity, profanity (including expletives and letters followed by dashes), commercial promotion, impersonations, incoherence, proselytizing and SHOUTING. Don't include URLs to Web sites.
We do not edit comments. They are either approved or deleted. We reserve the right to edit a comment that is quoted or excerpted in an article. In this case, we may fix spelling and punctuation.
We welcome strong opinions and criticism of our work, but we don't want comments to become bogged down with discussions of our policies and we will moderate accordingly.
We appreciate it when readers and people quoted in articles or blog posts point out errors of fact or emphasis and will investigate all assertions. But these suggestions should be sent via e-mail. To avoid distracting other readers, we won't publish comments that suggest a correction. Instead, corrections will be made in a blog post or in an article.
- Donora-Webster bridge plunges into Mon River after 107 years
- State cites Greene County mine after fatality, checking ventilation doors
- Pa. could ease restrictions on fireworks, reaping big bang in taxes
- ‘We are’ chant now a permanent fixture on Penn State campus
- Presque Isle Downs cancels thoroughbred races because of running deer
- 2 from Western Pennsylvania charged with insurance fraud
- High Court’s ruling makes Pa.’s health care contingency plan unnecessary