Drivers on the Ohio Turnpike may soon have to dig a little deeper into their pockets.
The Ohio Turnpike Commission is expected to approve a 2.7 percent a year increase over 10 years that will back $1 billion in bonds to help pay for northern Ohio road projects.
The commission is likely to approve the increase at its July meeting.
The $1 billion bond issue will include $70 million toward the replacement of the turnpike’s 60-year-old concrete base. The work is expected to last 25 years and cost a total of $1.2 billion.
Drivers with EZ Pass, traveling 30 miles or less on the turnpike, will not see an increase. Motorists who drive the entire length of the turnpike on a yearly basis would see an increase every year over the 10-year period. All other motorists are more likely to see two or three increases.
“We round to nearest quarter, and it’s based on a percentage increase. Individuals may only see one, two or possibly three increases over that 10-year period of time,” said Lauren Hakos, Marketing and Communications Manager for the Ohio Turnpike Commission.
The proposed toll increase will be in effect from 2014 through 2023.