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.

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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.

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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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