fiscal year 2010 financials

 

Built with virtually no taxpayer dollars, The Toll Roads were funded primarily through the sale of bonds to private and institutional investors, supplemented with development fees.  All toll and fee revenues go toward retiring the debt, funding additional improvements and covering costs to operate toll collection.  Nonrecourse revenue bonds were sold, so taxpayers and TCA’s member agencies are not responsible for repaying the debt.

In Fiscal Year 2010, the San Joaquin Hills Transportation Corridor Agency’s total operating revenue was $95,234,000, a 2.5 percent increase from the previous year.  The Foothill/Eastern Transportation Corridor Agency’s total operating revenue was $118,712,000, an 11.5 percent increase from the previous year. 

Also in FY10, FasTrak accounts grew by more than two percent and the number of FasTrak transponders issued grew to more than 799,000.  FasTrak transactions accounted for more than 80 percent of all tolls paid on The Toll Roads.