Revenue Rising for NJ Turnpike Authority

It's being attributed to a toll increase that took effect Jan. 1 and the mild winter weather, which prompted more personal travel than expected

Tuesday, Mar 27, 2012  |  Updated 9:29 PM EDT
View Comments (
)
|
Email
|
Print
Revenue Rising for NJ Turnpike Authority

AP

The New Jersey Turnpike Authority took in nearly $4.8 million more in revenues than expected in the first two months of 2012.

But the agency — which also operates the Garden State Parkway — also reported Tuesday that overall traffic volume and toll transactions for both highways fell by 4.2 percent during that time period. And commercial traffic, normally a big moneymaker, was down 6.3 percent.

The Asbury Park Press reports the agency expected to collect about $236.7 million in revenue. But it beat that estimate thanks to a toll increase that took effect Jan. 1 and the mild winter weather, which prompted more personal travel than expected.

The added toll money is earmarked for paying back funds borrowed for the ongoing widening projects on the parkway and turnpike.
 

Get the latest headlines sent to your inbox!
View Comments (
)
|
Email
|
Print
Leave Comments
What's New
21st Century Solutions
The NBCUniversal Foundation is partnering... Read more
Follow Us
Sign up to receive news and updates that matter to you.
Send Us Your Story Tips
Check Out