New Jersey officials last week approved toll increases on three toll roads, a move that will boost debt service coverage on New Jersey Turnpike Authority debt and help fund transportation infrastructure projects throughout the state.

Motorists will begin paying higher tolls beginning Dec. 1 on the New Jersey Turnpike, the Garden State Parkway, and the Atlantic City Expressway. The NJTA, which oversees the turnpike and the parkway, needed to improve its current debt service coverage of 1.2 times to 1.4 times to maintain its credit ratings.

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