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Toll Hikes Expected On Parkway, NJ Turnpike: Report

Some of you are making resolutions to be wealthier in the new year -- but the tolls New Jersey Turnpike and Garden State Parkway have no intention of helping you achieve that

New Jersey toll plaza sign

New Jersey toll plaza sign

Photo Credit: Facebook (New Jersey Turnpike Authority)

Tolls on the highways are going up on Jan. 1, NJ Advance Media reports.

Despite a 2020 toll road increase, the rate on two of New Jersey’s most traveled highways are about to increase, this time by 3%, the outlet said.

The tolls will increase on the New Jersey Turnpike, and the Atlantic City Expressway, the outlet reports citing the New Jersey Turnpike Authority.

“The purpose of the 3% indexing is to provide a stable funding source for capital needs. That’s where the additional revenue will be going,” Tom Feeney, a Turnpike Authority spokesman told the outlet. “It will support the unprecedented amount of work being done under the Authority’s long-term capital program.”

The revenue could be as high as 7.6% above budgeted levels, if traffic volume returns to pre-pandemic levels.

Click here to read more by NJ Advance Media.

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