October 28, 2013

Follow the Golden Gate Bridge, Highway and Transportation District Discussions for Possible Toll Increase in 2014

October 25, 2013: The first Board of Directors meeting was held to discuss the concept of a possible toll increase in 2014. The Board of Directors received a staff report regarding the current financial condition of the GGBHTD which shows a $142 million 5-year shortfall stemming primarily from the $75 million payment due Doyle Drive in FY2016 and a significant increase in the need for capital funding infrastructure projects, such as completing the seismic retrofit, a rehab of the roadway floor beams, and a rehab of the south tower. Meeting outcomes included the following:

  1. Board members expressed ideas about setting a new toll rate — such as reducing the current FasTrak discount and looking at annual smaller increases tied to inflation. They expressed the importance of public outreach if a toll increase of any kind is to be considered. Board members expressed interest in further exploring as many ideas as possible to reduce costs while continuing to provide services.
  2. As the financial discussion was not an action item, there was NO timeline set and NO amount for an increase set.
  3. NEXT STEPS: An advisory committee of the Board will be established to meet to establish a list of potential proposals to assist in balancing future GGBHTD budgets through a combination of internal “belt-tightening” and external revenue generating concepts. This will then be reported to the full board and the public. The next public meeting on the financial condition will take place in November 2013.

September 19: Finance Committee report presented the newly updated 5- and 10-year projections.

News Coverage

October 26, 2013, Marin IJ Reader's Forum: Easy way out
October 25, 2013, KTVU TV: GG Bridge District considers boosting toll to $7
October 25, 2013, KQED radio: Toll Hike Likely on Golden Gate Bridge Next Year
October 25, 2013, Bay City News, picked up by various media outlets: Golden Gate Bridge tolls may increase next year
October 25, 2013, San Francisco Chronicle: Golden Gate toll hike around the bend?
October 25/26, 2013, Marin IJ: Golden Gate Bridge board ponders toll increase as deficit mounts
October 24, 2013, KCBS radio with Phil Matier: Golden Gate Bridge Toll Likely To Increase in 2014
October 23, 2013, Marin IJ: Golden Gate Bridge toll increase on the table for 2014
September 20, 2013, KCBS radio: Golden Gate Bridge District May Raise Tolls Again