Drivers in New Jersey are poised to see toll hikes for a third straight year on the Garden State Parkway and New Jersey Turnpike after the New Jersey Turnpike Authority, the agency which controls the both roadways, approved their 2023 budget this afternoon.
The $2.5 billion budget includes a 3% increase – which is on top of last year’s 3% increase.
Tolls on the Parkway would increase from the current $1.96 for drivers using E-ZPass to $2.02 and from $2 to $2.10 for cash-paying motorists.
Toll revenue so far for 2022 is just under $1.6 billion.
The budget was approved by a 5-0 vote.