Here is the Turnpike Commission’s latest financial report. It lists “cost of services” under “operating expenses” of $369.9 million on pages 23, 32, 65, and 79 & defines operating expenses and cost of services on page 33:
Operating expenses relates directly to operating and maintaining the toll road. The principal operating expenses of the Commission are costs of services and depreciation. Other expenses are considered nonoperating expenses.
Cost of Services
Cost of services include: salaries, wages, benefits, and purchased services, along with purchased goods, including materials and supplies.
So did the Turnpike Commission screw up in its annual financial report, or in its statement to the press?