From the daily archives: Sunday, January 6, 2013
In 2007 Pennsylvania lawmakers passed a law called Act 44 which required the Pennsylvania Turnpike to fork over $450 million a year to help fund non-turnpike transportation projects around the state. The act has forced the turnpike to continue borrowing money to help fund roads and bridges throughout Pennsylvania all while paying the increasing costs of maintenance on the turnpike and the increasing debt payments.
Pennsylvania Turnpike Commission debt has gone from $2 Billion in 2002 up to $7 Billion today. And they plan to borrow another $4.3 Billion in the next decade.
Tolls have increased by 48 percent. […]
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