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City launches three-month rate study on bridge tolls; committee told 50% of proposed increase would go to general fund
Summary
City staff told the Board of Entry Advisory Committee on Feb. 19 that a three-month rate study will analyze whether to raise bridge tolls and how any new revenue would be allocated.
City staff told the Board of Entry Advisory Committee on Feb. 19 that the City of Laredo will conduct a three-month rate study to analyze whether and how to raise bridge tolls, and to recommend how revenue might be allocated.
Kent Richard, interim director of the city bridge department, said the rate study will analyze revenues needed to fund operating costs, debt service on planned bridge expansions and how Laredo compares to competing ports. “The last time commercial toll fees were raised was October 2017,” Richard said, and staff will use a broader analysis this time rather than rely only on competitors’ rates.
Richard told the committee the city manager’s office and budget and finance are…
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