$38 Billion Cost to Eliminate Tollroads. 4 Pieces Informed Intel.

TXDOT informed legislators on Wednesday that the cost to eliminate tollraods in Texas is $30 billion.

The reasons behind the $38 Billion price tag:

• $21 Billion in debt held on state and local tollroads + interest and fees
• $10 billion in debt with partnerships with private firms + interest and fees
• This feeds the arguments of those opposed to government debt & who say local debt is too high
• TXDOT has $13.4 Billion in non-toll related debt

Houston Chronicle | Eliminating tolls would cost state billions, lawmakers told