Tolls on Thruway won’t rise next year
Authority’s 2017 budget smaller than current plan
Tolls on the New York Thruway will not increase in 2017, the Thruway Authority board has decided.
It will be the seventh consecutive year with no increase. Gov. Andrew Cuomo has pledged to keep tolls at current levels through 2020.
The Thruway Authority’s chief financial officer, Matthew Howard, presented his proposed 2017 budget of $1.8 billion to the board on Monday.
The spending plan is smaller than this year’s $2 billion budget, in part because the state Canal Corp., which has been managed by the Thruway Authority, will be transferred next year to the New
York Power Authority, and also because spending for
the new Tappan Zee Bridge has peaked.
Authority officials are projecting a potential record volume of traffic next year for the 60-year-old, 570-mile Thruway system,
with more than 267 million vehicles expected to use it. Officials expect toll revenue to top $700 million in 2017.
The Thruway Authority’s annual capital budget for 2017, which includes funding
for the new Tappan Zee, also will be lower next year, Howard said.
“The capital program includes $721 million in spending on the ... bridge, and in 2016, we budgeted
for $1 billion to be spent,” he said. “As the project reached completion of many of the major aspects, we indicated that the annual spending level would decline, so, as a result, this
budget actually includes a reduction of about $294 million spending on the ... bridge in 2017.”