New Jersey Gov. Jon Corzine no longer intends to toll state Route 440 as part of his overall plan to refinance state debt.
Corzine had proposed a 35-cent toll for a section of Route 440 connecting Interstate 287 with the Outerbridge Crossing.
His overall plan to refinance state debt includes proposed toll increases of 50 percent every four years from 2010 through 2022 on the Atlantic City Expressway, Garden State Parkway and New Jersey Turnpike. Tolls would be indexed to inflation through 2085.
When he proposed the plan, Corzine said he would remain flexible about tolls on Route 440.
At a meeting Sunday, Feb. 10, in Middlesex County, Corzine said he would remove Route 440 tolls from his proposal. The statement drew applause from the audience, local media reported.
Corzine is conducting public meetings in all 21 New Jersey counties to promote his refinancing plan. Click here to view the meeting schedule.
The governor issued draft legislation Feb. 4 that he wants lawmakers to begin considering.
As part of the debt restructuring, Corzine wants to create a new state agency to oversee the state’s toll facilities and implement the toll increases.
He has promised discounts of up to 25 percent for frequent users of the toll roads. The discount would apply to holders of E-ZPass accounts from New Jersey.
– By David Tanner, staff writer