CHARLESTON, W.Va. — The West Virginia Parkways Authority meets Monday morning for a workshop session to discuss 10 items ahead of a possible vote later this week on changes to existing tolls.
The authority points out clearly in its workshop announcement that no votes will be taken in the meeting set to start at 9 a.m. Monday at its Charleston headquarters.
The items to be discussed include:
–the proposed new toll rate schedule
–the revenue bond study
–proposed toll discount programs
–review of public comments received in four recent public meetings
Under the proposal, tolls will basically double; from $2 to $4 for passenger vehicles along with doubling for the various commercial classes of vehicles.
The money raised from the increase will finance more than $300 million in bonds to pay for road construction projects in 10 southern West Virginia counties. The bonds would be paid off over 30 years.
The proposal includes a new Single Fee Discount Program that would cost a total of $24 for three years in a one time only offer. In order to get that price, residents would have to sign up before the end of this year during an early enrollment period. The annual pass would cost $25 a year for everyone signing up beginning Jan. 1, 2019 and after. Those taking advantage of the one-time rate of $24 would be charged the annual fee after the three-year period. The discount program only applies to passenger vehicles.
The approval of the plan could come in Thursday’s regularly scheduled Parkways Authority meeting.