Secretary James Aloisi, Executive Office of Transportation
In response to the statement issued Thursday by the Governor, Senate President and the Speaker, I have asked Executive Director LeBovidge to place on the Turnpike Authority Board’s March 23rd agenda a revision of our February toll increase vote. This will enable us to respond to the joint statement and delay any toll increase until July 1, 2009.
We will ask the Board of the Turnpike Authority to take steps to solve the Authority’s Fiscal Year 2009 funding deficit through the use of reserve funds. We will also seek to structure our toll increase vote to be clear that as of July 1, the Turnpike Authority’s funding crisis will be solved either through a toll increase or as a result of new, sufficient and sustainable revenues provided by the Legislature.
You may view the March 23 Turnpike Board agenda here.