Texas

Yes, money from NTTA tolls will return to North Texas roads

NTTA is a non-profit government agency and the organization does not receive tax funding. Only drivers who choose to use the toll road will pay the fee.

Texas, USA — On July 1, the North Texas Toll Road Authority (NTTA) raised tolls from 19 cents to 20 cents per mile.

Zip Cash customers who do not receive TollTag will pay at least 50% higher.

This has led to asking many viewers where these payments go and what NTTA will do with the money raised.

Question

Will the money paid for NTTA tolls be returned to roads in northern Texas?

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answer

Yes, whether it’s a project that’s already been built or is about to be built, the money paid through NTTA’s tolls will be returned to roads in northern Texas.

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What we found

NTTA was founded in 1997. In 2008, NTTA’s board of directors implemented a “biennial tariff.” This means that management will adjust rates on July 1st, every other year.

“This gradual increase in tolls will help NTTA repay the $ 9.5 billion borrowed to build a safe, clean and convenient toll road system and raise nearly $ 2 billion in funding. NTTA Chairman John Maharik said in a June press release.

The change made on July 1, 2021 was a planned increase.

NTTA is a non-profit government agency and the organization does not receive tax funding. Only drivers who choose to use the toll road will pay the fee.

Therefore, the money collected through NTTA’s tolls will be returned directly to roads in northern Texas. This is the main reason the organization was first established, says Michael Rey.

“We want to make sure that the tolls spent in our area remain in our area,” Ray said. “Everything we incorporate goes into toll roads and the NTTA system.”

Related: This weekend, major changes will be made to the direct connector lamps from Northbound I-35E to DNT.

Part of this toll will be used for future projects and maintenance, but according to Ray, 58-60% of it goes to debt repayment and roads and lanes have already been built.

“We want to put the road on the ground,” Ray said. “To use them now, and pay them off in the future. You mortgage your house and pay it off for years, just as you would live in a house.”

Toll roads also fund NTTA’s safety and roadside service programs and high-quality road maintenance.

According to Ray, one of NTTA’s focus on future projects is to reduce congestion issues by widening roads and adding lanes.

This toll increase is especially for the NTTA toll roads. TxDOT tolls on TEXpress lanes are not affected.

Yes, money from NTTA tolls will return to North Texas roads

Source link Yes, money from NTTA tolls will return to North Texas roads

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