The Maryland Transportation Authority reported $276.6 million in toll revenues from in fiscal year 2009 from seven facilities and $308.5million in FY2010. In the fiscal year ending June 30, 2013 after toll increases were in place, revenue from the same facilities had increased to $411.5. Budget forecasts predicted these facilities would produce $540.3million in FY2014, a 75% increase since 2010.
MDTA estimates that recent toll increases have reduced the number of transaction (ie toll road use) by 6.2%. The higher rates more than made up for the lost revenues.
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5 comments:
just another libtard tax.
BUT the value of $ has decreased by 50% in the same period, making it a net LOSS in real value of about 10%. Big deal....
A tax by another name (toll) is still a tax. They have increased substantially under the O'Malley/Brown administration.
9:23 Only because less people can afford to travel, or take alternate routes to avoid such tolls. IF the increases didn't happen, those yellow bars would be down in the $400 million range. But, instead of REDUCING waste spending in other areas, to counter act that loss, they RAISE tolls and s%$t on the people.
Why am I trying, I can tell who you are.
Dear MD residents and taxpayers:
Screw you!
Sincerely,
OweMalley, OweBrown, OweConway, OweMathias, OwePollitt
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