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Deal Announces End of Georgia 400 Toll in 2013
Governor Deal recently announced his plan to remove the Georgia 400 toll at the end of 2013. The announcement detailed to have the state pay off its bond debt on December 1, 2013, and move quickly to eliminate the unpopular toll by the end of that year, stopping collection 4 years earlier than previously planned.
The toll was originally scheduled to end in 2011, but was extended by the governor’s predecessor, Sonny Perdue, shortly before leaving office. Former Governor Perdue extended the toll and issued new bonds tied to the toll revenue to fund added improvements in the Georgia 400 corridor, including a new connector to I-85. The $40 million in new bonds were set to be paid off by June 1, 2017, but it was realized that after the three year mark the state can repay the bonds without a penalty.
The governor’s proposal requires approval of the State Road and Tollway Authority and comes in time before the 2012 Transportation Tax Referendum.
For more information, visit the Office of the Governor.