GG Bridge tolls to rise on July 1, 2024
Crossing the Golden Gate Bridge is getting more expensive; tolls are being raised by 50-cents on July 1, and will rise each of the next four years.
The Bridge District projects a $220 million deficit over the next five years. This five-year increase is intended to reduce the deficit, and will produce about $139 million in new revenue. A budget gap will remain, and inflation and operating costs will continue to rise.
FasTrak drivers, the majority of bridge commuters, will pay $9.25 beginning Monday. Non-FasTrak drivers who register their license plates with the district will pay $9.50. Bus and ferry prices will not increase.
The shortfall in revenues will be covered by drawing down on reserves, to the tune of $34.4 million to balance fiscal year 2024-25. The district concedes that it has run out of money. The Metropolitan Transportation Commission will provide additional funding during the next two years.
