Commentary

NTTA Finance Committee Approves 32% Toll Hike

Following up on my “told you so” post last week, the finance committee of the North Texas Tollway Authority (NTTA) has approved a 32 percent hike in toll rates, per TollRoadsNews.com. As my previous post notes, had state and local officials selected the original concessionaire who won the winning bid on this project—rather than undermining the procurement by allowing the NTTA to take over the project at the eleventh hour and take on enormous risks now playing themselves out—Metroplex drivers wouldn’t be in this boat.

Lesson: risk matters.

The full NTTA board will vote on the proposed toll hike next week.

Reason’s Transportation Research and Commentary

Leonard Gilroy is Senior Managing Director of the Pension Integrity Project at Reason Foundation, a nonprofit think tank advancing free minds and free markets. The Pension Integrity Project assists policymakers and other stakeholders in designing, analyzing and implementing public sector pension reforms.