Passed by the Texas Legislature in 2007, Senate Bill 792 (SB 792) unleashed the highest possible toll rate method that a tolling authority could charge.  This new method is called “market-based ” tolls.  This new law requires all toll projects to undergo an “independent” study by a third party to determine how much it will cost to construct the toll road.  Next, the tolling authority (in San Antonio’s case, the ARMA) will issue bonds for that amount of construction costs, and finally, instead of charging just enough in toll rates to cover the actual costs to build the road, they will charge “whatever the market will bear.”  In other words, they can charge the highest possible toll…without any limits.

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