Traveling the New York State Thruway will not cost any more in 2016 than it does today.
Thruway Authority Executive Director Robert Megna Monday, Nov. 9 announced at a meeting of its Board of Directors that there will be no toll increases next year.
“Given our success in balancing the Thruway’s budget and the infusion of additional funding from Governor Cuomo, we have alleviated the need to implement a toll increase for the remainder of 2015 and for all of 2016,” said Executive Director Megna.
The lack of a toll increase in 2016 is possible because of $1.285 billion added to the Thruway Stabilization Fund included in the 2015-16 state budget and a $1.6 billion low-interest loan from the U.S. Department of Transportation.
The Thruway’s 2016 budget forecast shows an increase of 3.4 million vehicles over 2015 and the increased revenue it will bring.