Higher Tolls On The NYS Thruway Could Be Coming
Apparently experts are suggesting that the New York State Thruway may have no choice but to raise tolls, possibly as early as 2021.
According to Wikipedia...
tolls along the Thruway were supposed to be abolished when the construction bonds used to build it had been paid off. The last of the bonds was paid off in 1996; however, the tolls remained in place after the New York State Legislature transferred ownership of the New York State Canal System to NYSTA in 1992.
There’s currently a moratorium on toll hikes on the Thruway as well as the new Governor Mario Cuomo Bridge in the Hudson Valley but that is scheduled to expire at the end of the year.
Moody’s suggests tolls would have to go up by 2022.
The authority hopes to refinance debt to save money, but the Thruway could need another $53 million by that point to cover its costs.