Toll revenue and bridge openings down at GIBA; 2024 budget at $3.8 million
August 31, 2023
By Garland Pollard
The Gasparilla Island Bridge Authority (GIBA) adopted a 2024 budget of $3,827,064 at their Thursday, Aug. 24, 2023 quarterly meeting, which also included drainage issues, salary and investments.
Board Chairman Ginger Watkins began the meeting by moving up a public comment from a customer regarding the expiration of her toll account funds. Non-agenda public comment is traditionally at the end of the meeting. After the comment, Watkins reminded that all 7,700 accounts and customers are treated exactly the same, and thanked the customer for coming. (Toll passes expire after one year.)
Executive Director Kathy Banson presented members with updated traffic and revenue figures for the first nine months of the 2023 fiscal year. Toll revenue was down by comparison with last year by 3 percent for discount passes and 12 percent in cash nondiscounted tolls. Overall traffic was down by 5 percent. Bridge openings were down 21 percent.