SOUTH BEND, Ind. — This week the Indiana Finance Authority approved a resolution that will allow the Indiana Toll Road Concession Company (ITRCC) to increase toll road prices by one-and-a-half percent, twice a year.
Previously, the ITRCC could raise prices by only two percent annually, or once a year, so the new resolution means there is now a total allowable price increase of three percent per year.
In return, the Indiana Finance Authority will receive annual payments of $700 million dollars, which is meant to lessen the tax burden for Indiana drivers…