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Tolling
Tolls are highway user revenues that are collected in exchange for the usage of transportation facilities. These direct user fees are primarily collected in order to help fund transportation improvement projects.
Currently, over thirty states currently have enabling legislation to authorize tolling as a new revenue source and to fund new transportation projects. According to the National Conference of State Legislatures, 42 states have tolling authority and/or tolling facilities and 28 states have the legal authority to operate tolling facilities. Moreover, 20 states have tolling facilities that are privately operated.
Tolling is often a component of public-private partnership (P3) agreements. In recent years, there has been growing interest in pursuing these types of P3 transportation infrastructure projects, where private investors like pension funds or investment banks finance some or all of the costs of building a highway and earn a return by charging tolls.
Latest Tolling-Related News
May 4: State Transportation Funding Legislation Roundup
Georgia Gov. Nathan Deal (R) signed into law on May 3 legislation to permit metro Atlanta to form a board and ask for voter approval of a local sales tax to fund transit expansion, and allotted $100 million in bonds [...]
April 27: State Transportation Funding Legislation Roundup
Legislation Passed Arizona Gov. Doug Ducey (R) April 25 signed a law to increase vehicle registration fees, which will be used to fund the State Highway Patrol so revenue isn’t diverted from the state's transportation fund. The measure also eliminates [...]
March 23 : State Transportation Funding News Roundup
The California Department of Transportation (Caltrans) expects its staff to swell by 10 percent over the next five years, adding 2,000 employees as it works on projects funded by the new gasoline tax in Senate Bill 1. Caltrans began escalating [...]
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