Posted: Aug 8, 2013 8:41 AM
Source: Associated Press
METAIRIE - The Lake Pontchartrain Causeway is predicting a slight decrease in toll revenue for the fiscal year beginning Nov. 1.
That's according to a $21.7 million budget approved Wednesday by the bridge commission.
Tolls are projected to bring in $15.9 million during the next fiscal year, a decrease of about 1 percent from the current year.
Bridge General Manager Carlton Dufrechou said that while bridge traffic has returned to pre-Hurricane Katrina levels, the revenue has been jogging slightly up and down in recent years.
The Times-Picayune reports the largest expenses are payroll and benefits at 28 percent of the budget, and debt service, which is 21 percent of the budget.