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Wednesday, May 21, 2014
Laura Johnson, WSDOT communications, 206-464-1249
OLYMPIA – New toll rates for the Tacoma Narrows Bridge take effect at midnight on July 1. The change reflects the next rate increases approved by the Washington State Transportation Commission to ensure the bridge generates enough revenue to cover costs required under law, including maintenance, operations and debt payments.
Rates will increase for all toll categories. The Good To Go! pass rate will increase from $4.25 to $4.50, cash tolls from $5.25 to $5.50, and Pay By Mail from $6.25 to $6.50.
The transportation commission scheduled this July’s rate increase in May 2013, as part of a two-year phased increase. The commission reviewed Tacoma Narrows Bridge traffic and revenue data this past fall and winter to verify the increase is needed to cover operational costs and debt payments.
The Tacoma Narrows Bridge was financed such that debt payments were low in the early years and rise over time. This means tolls must continue to increase to pay back construction debt. The debt is scheduled to be paid off in 2030.
Good To Go! passes continue to be the most economical way for drivers to pay tolls on the Tacoma Narrows Bridge and other tolled highways. More information on the Good To Go! program can be found at www.wsdot.wa.gov/goodtogo/.
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