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Toll Revenue Down On NJ Turnpike, Garden State Parkway

WOODBRIDGE, NJ (AP) – The New Jersey Turnpike Authority says toll revenue for the first 10 months of the year is more than $47 million below projections.

The authority primarily blames higher gas prices and high unemployment. But it says four major snowstorms and Hurricane Irene also were factors – resulting in millions in fewer transactions on the storm days on the Turnpike and Garden State Parkway.

In its monthly financial report, the authority Tuesday pegged total revenues through the end of October at nearly $943 million, about 5 percent below what had been predicted.

Turnpike officials say the lower-than-projected revenues will have no effect on operations or capital projects.

(Copyright 2011 by The Associated Press.  All Rights Reserved.)

Comments

One Comment

  1. ann peck says:

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  2. Bullett says:

    Someone cooking the books, or fudging the numbers. From the number of vehicles I’ve seen using the NJTP & GSP, I find this hard to believe. But then again, anyone can project numbers. When they don’t materialize they sine the blues. When numbers exceed, someone is labeled a genius. I say, go figure, and be prepared for a toll hike come Easter.

  3. Dollars and SENSE says:

    Just another ploy to keep raising tolls and feeding the 1%. Give me a break. Governments don’t go broke. When financial public assistance stops being awarded (particularly to illegal aliens and those who have 10 or 20 children just for the extra $$), then maybe, just maybe I will believe it.

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