38°
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.
Click here to follow Daily Voice Rutherford and receive free news updates.
