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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
Feb. 2: State Transportation Funding News Roundup
Connecticut Gov. Dannel Malloy (D) on Jan. 31 released a proposal to stabilize the state’s dwindling Special Transportation Fund by increasing the state gas tax by 7 cents-per-gallon (phased in over four years), implementing statewide electronic tolling over the next five years, accelerating [...]
Jan. 10: Connecticut Governor, DOT Postpone Hundreds of Transportation Projects
Connecticut Gov. Dannel Malloy (D) announced on Jan. 10 that hundreds of transportation projects worth nearly $4.3 billion will be postponed indefinitely, until new revenue is identified to replenish the state’s Special Transportation Fund (STF). Without additional funding the STF [...]
Jan. 5: State Transportation Funding News Roundup
Ohio Department of Transportation director Jerry Wray expressed concern that the state is falling behind on transportation projects, with 90 percent of the agency’s spending going to rehabilitating and maintaining existing roads and bridges and neglecting needed capacity-building projects. Read More>> Colorado Gov. [...]
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