Board Approves 4 Years Of Toll Hikes On Golden Gate Bridge
SAN FRANCISCO (CBS SF) - The Golden Gate Bridge, Highway and Transportation District's board of directors voted 15-2 Friday morning to gradually raise the toll on the bridge over the next four years starting this April.
By July 2018, the current $5 FasTrak toll will be $7 and the $6 pay-by-plate toll will be $8.
Both those tolls will increase $1 on April 7 and increase 25 more cents in July 2015, 2016, 2017 and 2018.
Tolls for carpoolers and those with disabilities will rise at the same rate at the FasTrak rate increases.
The bridge district is facing a $142 million deficit over the next five years. The toll hikes approved this morning are projected to raise $138 million over five years.
District staff had drafted four toll hike options that would raise between $93 million and $138 million over five years.
District staff had initially recommended Option 3, which would have raised $123 million, but the board's Finance Committee on Thursday recommended Option 4 to raise the higher amount.
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