- Associated Press - Monday, May 18, 2015

ALBANY, N.Y. (AP) - The Thruway Authority board has approved a revised budget for 2015 without any toll increases and using $1.285 billion of the state’s receipts from bank settlements to help pay for the new Tappan Zee Bridge now under construction and other capital projects.

According to the authority, the $1.9 billion budget approved Monday closes a gap identified in the original budget adopted in December with $66 million in reduced spending and debt service.

Thruway officials say the settlement funds let them ensure no toll increases anywhere in the system this year.

An estimated $750 million will be used for the bridge project this year.

The state last week dropped its attempt to secure half a billion dollars in federal clean-water funds to help pay for the $3.9 billion bridge.

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