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How much does New York make from tolls?
I recently drove to New York from New Jersey and ended up spending a lot more than I expected on tolls, which got me wondering just how much does New York actually make from tolls per year?
Andrew Biro · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
The short answer? A lot! The most recent records—collected in 2016—show that
New York
made approximately $708.3 million from tolls collected throughout the state in a year’s time. Due to the fact that toll costs have increased and new tolls have been added in recent years, it’s safe to say that New York makes closer to $1 billion annually from tolls.
It’s also important to note that the Port Authority of New York and
New Jersey
collect tolls on all tunnels and bridges connecting the two states—and in 2016, they made a whopping $1.86 billion from tolls.This means that, if you were to combine what New York makes annually from tolls with half of what the Port Authority makes annually from tolls, the Empire State makes almost $2 billion per year from tolls.
View full answer
- Gregory R.
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