The West Virginia Parkways, Economic Development and Tourism Authority last week voted to raise tolls on the state’s turnpike to protect bondholders and insure that the 88-mile-long toll road remains in good condition.

The toll hike was the first across-the-board increase in 28 years, although it does provide some discounted programs. The authority has approximately $89 million of outstanding debt that matures in 2019, and is rated Aa3 and AA-minus by Moody’s Investors Service and Standard & Poor’s.

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