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EZ Pass’ floating funds keeps public officials honest

Dear John: E-ZPass has a minimum threshold of $42 and a replenishment amount set at $165 on my account. At times when I’ve been using more tolls, both these figures have been even higher. In any case, it is holding on to between $40 and $200-plus of my money indefinitely. Multiply that by millions of accounts statewide — and some people have higher amounts being held. This is on top of tag fees per device and service fees they charge. Almost no one ever cancels their service and uses up all remaining funds, leaving E-Z­Pass with tremendous amounts of the public’s money — probably in the hundreds of millions, and I’m just thinking about New Jersey. The money doesn’t get paid to the toll authority, at least until you use y ...
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