In a letter to the governor, the authority says raising tolls is an action of last resort. The revenue generated would in part be used to widen the turnpike and parkway and repair and replace aging bridges.
The average toll on the New Jersey Turnpike would rise from the current $1.20 to $1.80 next year, $2.70 in 2012, $3 in 2023.
The Garden State Parkway would see it's tolls increase from the current 35 cents to 50 cents next year, 75 cents in 2012, and 85 cents by 2023.
The Turnpike Authority said it could not meet its debt obligations without the toll hikes. The last time they went up on the Turnpike was in 2000; the Parkway hasn't seen an increase since 1989.
Motorists will also face toll hikes on the DRPA bridges starting September 14, it will cost $4 dollars to cross, up from $3.
The proposed toll hikes on the Parkway and Turnpike will face the scrutiny of Govenor Corzine and public hearings before they go into effect.
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