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Thruway To Meet Friday To Likely Consider Toll Hike
Posted By Joseph Spector On November 8, 2012 @ 10:44 am In Uncategorized | Comments Disabled
The state Thruway Authority quietly scheduled its first full meeting in three months for Friday, when the board is likely to approve a major toll increase on trucks.
Dan Weiller, a spokesman for the Thruway Authority, said Thursday there is no agenda yet for the Friday meeting in Suffern, Rockland County.
The authority, which oversees the 570-mile thoroughfare, had told credit agencies that it expected the toll increase to take effect by October, but the authority delayed action. And now it’s meeting three days after Election Day.
Gov. Andrew Cuomo has not indicated whether he supports the toll increase.
“It is a difficult financial problem each way. No one wants a toll increase. But nobody wants a downgrade to the Thruway bonds either,” Cuomo said in September.
The Thruway’s finances are troubled. Toll-paying riders dropped about 10 percent from 2005 to 2011, and its costs have increased substantially.
A 45 percent toll increase would raise about $85 million a year for the Thruway. It pays a similar amount to operate and maintain the state’s 524-mile canal system.
Comptroller Thomas DiNapoli has knocked the Thruway’s management, saying in a report in August that the agency painted a rosy financial picture for too long and didn’t cut expenses despite four toll hikes since 2005.
Kendra Adams, executive director of the state Motor Truck Association, said the Thruway Authority hasn’t given an indication of what it will do Friday.
“Based on what we’ve heard, the statement that they’ve made, we’re preparing for the worst,” Adams said.
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