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Concern grows Upstate as possibility of raising tolls on Thruway becomes likely

While the state of New York hasn’t announced plans to raise rates yet, a new report from Moody’s indicates the Thruway Authority’s bond rating may soon be in jeopardy if it doesn’t.

Traffic on the 570-mile superhighway was flat last year and projections through 2024 don’t predict any noticeable growth. Add to that, the debt on the new $4 billion Mario Cuomo bridge downstate, and the Thruway Authority may soon be unable to meet its financial obligations.



“The tolls on the Thruway have been frozen for 10 years which is remarkable when you think about it and I’m very proud of that,” Governor Andrew Cuomo said this week.

The moratorium on toll increases is set to expire at the end of 2020 and Moody’s report indicates without an increase there could be serious troubles.

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