The Governor of the State of New Jersey, Jon Corzine in his State of the State Address on January 8, 2008 proposed a major set of initiative to solve the general financial problems of the state. A key component of that proposal was a monetization proposal for a number of existing toll roads in the state as well as the addition of tolls to a five mile segment of an existing highway. The core of this proposal is the transfer of control of the toll roads to a public benefit corporation using a concession agreement. This concession agreement is proposed to allow for a series of four 50% increases as well as inflation escalations. The compounded impact of these effects is an approximately 788% increase in tolls over the period 2007 to 2022.