With Employee Costs Down, Pennsylvania Turnpike On Track to Start Reducing Its Toll Hike

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PA Turnpike toll interchange

Image via MONTCO Today File Photo.

With employee costs down, the Pennsylvania Turnpike is on track to meet its projection to reduce the annual toll hike from its current 6 percent to 5 percent starting in January, writes Ed Blazina for the Pittsburgh Post-Gazette.

Last spring, the turnpike laid off over 500 toll collection agents and office personnel more than a year ahead of schedule when it switched to all-electronic tolling. This process was sped up due to the pandemic.

As a result of these and additional cost savings that include refinancing of $600 million worth of bonds from variable rates to a fixed rate, the agency is now able to vote in July to bring the toll hike down by one percent.

“I don’t believe it’s going to have to be 6% this year,” said Pennsylvania Turnpike CEO Mark Compton.

Before the start of the pandemic, the PA turnpike had projected it could start reducing the toll hike from 6 percent in 2022 to 3 percent by 2028. The 3 percent annual increase will most likely continue through 2050.

Read more about the Pennsylvania Turnpike toll hike and increase in the Pittsburgh Post-Gazette.