This from tolls spokeswoman Janet Matkin:
Four scenarios will be considered by the Narrows Bridge citizens advisory committee during a meeting from 5 to 7 tonight at the Inn at Gig Harbor. They all have an A and a B version of each.
They include:
No change to current rates ($2.75 ETC and $4 Cash)
No change to ETC rate with a corresponding Cash rate needed to meet
target ($2.75 ETC and $6.00 Cash)
No change to Cash rate and corresponding ETC rate needed to meet
target ($3.50 ETC and $4.00 Cash)
Changes to both ETC and Cash rate needed to meet target ($3.25
and $5.00 Cash)
Before the bridge opened, the legislature made a $5.288 million loan to the toll account to cover the costs of operation from April 2007 (when the bridge was supposed to open) until July 2007 (when it actually opened). That loan is scheduled to be repaid in the next biennium.
There also is a discussion about including violation revenue in the projections. It’s hard to predict how much revenue to expect from violations because they can be dismissed by the court, decreased by the court, or never paid.
Option A of each scenario does NOT include violation revenue and makes the repayment of the $5.288 million loan evenly divided between FY 2010 and FY 2011. Option B of each scenario DOES include the estimated violation revenue (based on actual amounts received to date) and shifts the total repayment of the $5.288 million loan into FY 2011 (rather than spreading it over two years).
