The Kansas Turnpike Authority says this has been a “very positive year” from a financial standpoint.
The KTA says its net position increased by over $50 million while long-term debt decreased by nearly $15 million. It also maintained its Aa2 bond rating from Moody’s Investor Service, the highest possible for a toll authority.
CEO Steve Hewitt says the highway administration is doing its best to remain fiscally responsible, balancing tolls with travel safety and the upcoming cashless tolling process.
Hewitt says the KTA’s annual customer satisfaction survey shows 97 percent of respondents recommend the K-TAG program, which offers discounted tolls. The survey, according to the KTA, also confirms the authority’s move from traditional tolling to cashless tolling by summer 2024 as well as ongoing compatibility work with other tolling systems nationwide. Bridge raising and gantry installation, which began in earnest last year, will continue all next year into 2024 before the new cashless system goes live.
