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Pa. auditor general blasts rising turnpike debt



Published: Tue, November 13, 2012 @ 1:40 p.m.

HARRISBURG, Pa. (AP) — Pennsylvania Auditor General Jack Wagner today sounded an alarm over the rising debt piling onto the Pennsylvania Turnpike Commission, warning lawmakers that state taxpayers will be called on to bail out debts that benefit Wall Street.

Wagner, a Democrat, rebutted earlier testimony by turnpike commission officials and a financial consultant that the agency can sustain its financial path by raising tolls every year and that it can continue to find lenders.

He told a joint House and Senate Transportation Committee that the proportion of the commission’s debt payments to overall revenue has risen to 47 percent, and likened the turnpike commission’s operations to remortgaging a home to pay off credit-card debts.


Comments

1NilesOhio(762 comments)posted 2 years, 1 month ago

With the prices the PA turnpike charges and how they got rid of many toll booth workers, I don't see how they can't make ends meet.

In my case, they priced themselves out of the game. I can just as easily go around the turnpike with little affect on the amount of time or distance I drive.

Suggest removal:

2redeye1(4702 comments)posted 2 years, 1 month ago

I only travel the PA turnpike only when its absolutely necessary.And even then I don't like to.use it.

Suggest removal:

3DwightK(1304 comments)posted 2 years, 1 month ago

Maybe they should stop building and rebuilding the road. That area between 376 and Pittsburgh has been under construction for about 5 years.

Suggest removal:


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