The Toll Roads were built with virtually no taxpayer dollars. They are primarily funded through the sale of bonds to private and institutional investors, supplemented with development fees. All toll and fee revenues go toward retiring the debt, funding additional improvements and covering costs to operate toll collection. Nonrecourse revenue bonds were sold, so taxpayers and the member agencies are not responsible for repaying the debt.
May 7, 2021 – IRMA Letter (PDF)
August 2, 2018 – 73 Toll Road Bonds Upgraded to “A-” By S&P Global Ratings.