IRVINE, Calif. - June 9, 2016
The Boards of Directors of the San Joaquin Hills (SJHTCA) and Foothill/Eastern (F/ETCA) Transportation Corridor Agencies approved Fiscal Year 2017 (FY17) budgets totaling $338.6 million; comprised of $139.6 million for SJHTCA and $199 million for F/ETCA.
The F/ETCA and SJHTCA Boards of Directors also unanimously voted to continue the existing Board leadership for FY17. Craig Young, Yorba Linda City Councilman, and Lisa Bartlett, Orange County Supervisor, 5th District, will continue to serve as the F/ETCA Chair and Vice Chair, respectively. Ross Chun, Aliso Viejo City Councilman, and Melody Carruth, Laguna Hills City Councilwoman, will continue to serve as the SJHTCA Chair and Vice Chair, respectively.
“The Transportation Corridor Agencies’ FY17 budgets are a result of our continued vision to enhance mobility in Southern California,” said Michael Kraman, TCA’s Chief Executive Officer. “Our year-over-year traffic and revenue growth allows us to comfortably invest in customer service enhancements and capital improvement projects along our 51-mile toll road system.”
Capital projects and customer service initiatives include:
FY17 transactional toll revenues for both SJHTCA and F/ETCA are projected to grow by approximately 5 percent per agency through transaction growth and a 2 percent inflationary toll increase at all toll points. The toll rate increase ranges from 1 cent to 14 cents depending on the location and time of day. Changes in toll rates will go into effect at 12:01 a.m. on Friday, July 1, 2016.
To read the 2017 budgets and other financial reports in their entirety, please click here.
The Transportation Corridor Agencies (TCA) are two joint powers authorities formed by the California legislature in 1986 to plan, finance, construct and operate Orange County’s 67-mile public toll road system. Fifty-one miles of the system are complete, including the 73, 133, 241 and 261 Toll Roads. TCA continues to meet the region’s growing need for congestion-free transportation alternatives.
The Toll Roads Media Relations
Sarah Swensson King
Media Relations Manager