• Subscribe
  • Advertise
  • Magazine
  • Job Board
    1. Funding

    N.J. toll revenue continues to decline

    Nov. 30, 2011

    Toll revenue for the New Jersey Turnpike Authority and Garden State Parkway continues to be on the decline in 2011, but officials are not ready to push the panic button.

    Through October, money coming in dropped about 5% from the NJTA’s target of $990 million. The snowstorm in October cost the agency $1 million, and the loss of funds from Hurricane Irene continues to be felt. Unemployment and high gas prices were other factors.

    However, in a meeting on Nov. 29 NJTA Chairman James Simpson did offer a bit of reassurance.

    Toll revenue for the New Jersey Turnpike Authority and Garden State Parkway continues to be on the decline in 2011, but officials are not ready to push the panic button.

    Through October, money coming in dropped about 5% from the NJTA’s target of $990 million. The snowstorm in October cost the agency $1 million, and the loss of funds from Hurricane Irene continues to be felt. Unemployment and high gas prices were other factors.

    However, in a meeting on Nov. 29 NJTA Chairman James Simpson did offer a bit of reassurance.

    “The situation is not dire,” he said. “We have enough money to meet all of our obligations. “If this carries out over the next four or five years it gets to be a lot of money.”

    A certain degree of financial relief will come at the start of 2012, but it will be at the expense of motorists. On Jan. 1, tolls will increase 53% on the Turnpike and 50% on the Parkway under a plan approved back in 2008.

    Continue Reading

    Sponsored Recommendations

    The Science Behind Sustainable Concrete Sealing Solutions

    Extend the lifespan and durability of any concrete. PoreShield is a USDA BioPreferred product and is approved for residential, commercial, and industrial use. It works great above...

    Proven Concrete Protection That’s Safe & Sustainable

    Real-life DOT field tests and university researchers have found that PoreShieldTM lasts for 10+ years and extends the life of concrete.

    Revolutionizing Concrete Protection - A Sustainable Solution for Lasting Durability

    The concrete at the Indiana State Fairgrounds & Event Center is subject to several potential sources of damage including livestock biowaste, food/beverage waste, and freeze/thaw...

    The Future of Concrete Preservation

    PoreShield is a cost-effective, nontoxic alternative to traditional concrete sealers. It works differently, absorbing deep into the concrete pores to block damage from salt ions...