There’s a different option under consideration to raise tolls on the Golden Gate Bridge.
The Golden Gate Bridge, Highway and Transportation District’s board of directors was scheduled to vote today on gradually raising the FasTrak toll to $7 and the pay-by-plate toll to $8 by July 2018.
Under Option 3 of four toll hike scenarios under consideration, the toll was to increase $1 in April, then rise 25 cents in July of 2016, 2017 and 2018. No toll hike was planned in 2015.
The Board’s Finance Committee has now recommended a fourth option, which includes the $1 toll hike in April and 25-cent increases in July of 2015 through July 2018.
The Board is scheduled to vote on Option 4 at 10 a.m. today, bridge district spokeswoman Mary Currie said.
The District is facing a $142 million budget shortfall over the next five years.
Option 3 would have raised $123 million over five years and Option 4 will raise $138 million over that period, according to the District.
James Lanaras, Bay City News