The citizens advisory committee for the Tacoma Narrows Bridge will finalize its recommendation for a proposed toll hike during its last meeting on Thursday, March 8.
The meeting begins at 6 p.m. at the Gig Harbor Civic Center, 3510 Grandview St. The public is welcome to attend.
During its last meeting, the committee asked staff to bring back further information on scenarios that would increase tolls paid electronically, at a tollbooth or through the mail by at least $1.
The financing plan to build the bridge relies on toll increases to pay for increasing principal and interest payments on the bridge. That 2002 plan called for increasing tolls to an average of $5 starting on July 1, 2012. Tolls are scheduled to increase a final time to an average of $6 starting in July 2015 until the debt is repaid in 2030 under the plan
The debt payment on the bridge for the 12-month period ending June 30 is $43.2 million — $29.4 million in principal and $13.8 million in interest.
The total debt payment increases to $45.7 million fiscal year 2013 and nearly $54.6 million in fiscal year 2014, according to the state treasurer’s office.
The committee will formally present its recommendation to the Washington Transportation Commission on March 20. The state commission will hold a series of meetings to hear from the public before setting the new tolls, which are scheduled to take effect July 1.
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