Md. mulls $.75 toll increase
Tolls on Maryland bridges, highways and tunnels would increase an average of 75 cents statewide under plans being considered by the Maryland Transportation Authority.
Harold M. Bartlett, the authority's acting executive secretary, told a General Assembly committee Wednesday that the timing of any increase hasn't been determined.
Cheryl Sparks, an authority spokeswoman, said the increase is necessary to pay for bonds on construction projects including the $2.56-billion Intercounty Connector and to preserve the state's aging toll facilities.
The state borrowed $1.2 billion in toll-backed bonds to help fund the ICC's construction. Authority officials have said the state traditionally subsidizes construction of new toll facilities by pooling toll revenue statewide.
Toll collections on the ICC are predicted to reach about $60 million annually during the first five years, authority officials have said. During that period, the debt service and operating costs will add up to about $100 million a year.
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