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Other states have implemented or are currently in the process of evaluating creative funding alternatives for transportation. Click here to view a state-by-state breakdown of National Funding Alternatives.
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OUR Finances
The Pennsylvania Turnpike Commission (PTC) continues to operate as an entrepreneurial agency that consistently earns superior marks from independent financial rating firms.
Our financial management allows us to maintain fair toll
rates when
compared to other tolling entities across the nation.
Consider:
- Moody’s Investor Service recently noted the Turnpike’s “History of well-managed financial operations with consistently sound debt service coverage and strong liquidity” according to a January 2009 credit report.
- That same report reaffirmed the Lien Bonds and the A2 rating confirmed for the Turnpike’s Subordinate Lien, which means we are able to borrow money more efficiently allowing us to make greater investments in the state’s transportation network.
- In January 2009, at a time when there was little to no debt issuance, there were more orders to purchase the Commission’s $308 million of Subordinate Revenue Bonds, Series A of 2009 than there were bonds to fill them.
- Tolls on the PA Turnpike are comparable to tolls in most states. Nearby states, including New Jersey, New York, Maryland and Virginia, have increased their tolls recently or are considering substantial toll increases.
- Our 2,037-member workforce is down 8.4 percent
since 1999 as we continue to expand
E-ZPass and other technologies to boost efficiency.