Toll Changes Coming To 125

LA MESA -- It is about to get a lot cheaper to travel the 125 tollway.

Tolls for the pay section of State Road 125 will decrease by up to 40 percent in some cases along the roadway that many have considered woefully overpriced since it opened.

Effective Saturday, June 30, the San Diego Association of Governments will cut the tolls along the road it recently purchased.

Savings for customers enrolled in the FasTrak electronic tolling system will be especially dramatic. New tolls will range from 50 cents to $2.75 for FasTrak users and from $2 to $3.50 for cash and credit card users. Current tolls are 85 cents to $3.85 for FasTrak users and $2.50 to $4 for cash and credit card users.

“We are following through with our promise to taxpayers to lower tolls on South Bay Expressway,” SANDAG Chairman and Encinitas Mayor Jerome Stocks said. “We are optimistic that lower tolls will draw traffic away from nearby congested arterial streets and Interstate 805, improving overall mobility in South Bay.”

The revamped toll structure was approved by the SANDAG Board of Directors on May 25, 2012. SANDAG acquired the lease to operate the toll road in December 2011.

As a public agency whose mission is to improve mobility in the region, SANDAG’s business approach is different from that of the previous toll road operator. The new toll schedule balances toll reductions against generating enough revenue to pay for operations and maintenance, debt service, future improvements, and contingencies.

What is still not known is what effect cheaper toll prices along the 125 will mean for La Mesa. Since that road was opened, morning and evening rush hours have worsened at the 125/I-8 Interchange as more motorists have used the route to travel from Eastlake to Mission Valley along I-8 and on to the Golden Triangle via the newly expanded 52.

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Tags: La Mesa Today, La Mesa news, La Mesa traffic, SANDAG, South Bay Expressway, toll roads

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HousingWire

Gallup Poll on Top Financial Problems of Americans

Source: Gallup

Personal finances are a major concern of average Americans, according to the latest Gallup poll, but the results show that Americans are most concerned about healthcare costs, low wages, and a lack of jobs when it comes to worries about their finances. There was a reduction in the number of Americans saying the cost of homeownership was their biggest financial worry.

Making sense of the story:

- In 2012, a full 12 percent of Americans put the cost of homeownership and renting at the top of their financial worry. Now it’s down to six percent.

- Below the $30,000/ year income bracket, housing was the most important worry for 9 percent of the respondents. That lowers to four percent in the $30,000 to $75,000 range.

- For those making more than $75,000, six percent of respondents said housing was their top financial concern.

-For comparison, healthcare costs and low wages were cited by 14 percent of Americans as the most important financial issue.

 -Fewer Americans than a year ago cited the high cost of living or unemployment, and the percentage naming oil or gas prices was down from 2012.

-The percentage of Americans who didn't mention any financial problem was up five percentage points from last year, to 17 percent. This sizable uptick suggests that the economic recovery may be reducing the financial problems that families face.  

-Lower-income Americans named "lack of money/cash flow" and "not enough money to pay debts" as their top most important money woes. The stock market or investments, interest rates, retirement savings, and controlling spending did not rank among lower-income Americans' top financial problems.

Read the full story:
http://www.gallup.com/poll/181217/americans-healthcare-low-wages-top-financial-problems.aspx

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