Re: ODOT could be $3.5 billion in the red by 2015
- From: "pigsty1953@xxxxxxxxx" <rshersh@xxxxxxxxx>
- Date: Mon, 3 Dec 2007 08:10:50 -0800 (PST)
On Dec 3, 9:13 am, "Sherman L. Cahal" <shermanca...@xxxxxxxxx> wrote:
ODOT cuts could halt I-75 work
Agency forecasts a funding shortfall that could affect highway
reconstruction.
By Jim DeBrosse, Dayton Daily News, December 02, 2007
Funding for new highway and bridge projects in Ohio has hit the wall.
With gas tax revenues flat, federal funding uncertain and the cost of
new construction increasing by double digits, the Ohio Department of
Transportation predicts it will begin running a shortfall in 2009,
according to an ODOT report released this week. By 2015, the agency
could be $3.5 billion in the red.
Local officials say they're concerned the shortfall could affect major
highway projects in the Dayton area, including the last two phases of
the $670 million modernization of Interstate 75 through downtown,
slated for completion in 2013.
ODOT officials say repair and maintenance projects will have first
priority, but new construction projects are on hold pending formation
of a statewide task force to set priorities and explore new options
for generating funds.
Projected revenues from the state gas tax, which accounts for about
half of ODOT's total funding, won't be enough to cover all projects in
Ohio currently slated for construction through 2015, said ODOT
spokesman Scott Varner.
ODOT's construction costs have climbed 41 percent in the past four
years, according to the agency's 2008-2009 business plan.
Varner said the transportation task force -- which will include citizen
groups, government officials and industry representatives -- will be
charged with finding "new and innovative ways" to finance Ohio's
transportation needs.
Sherman Cahal
American Byways |http://www.americanbyways.com
Bridges & Tunnels |http://www.bridgestunnels.com
Abandoned |http://www.abandonedonline.net
Urbanup |http://www.urbanup.net
Gross mismangement, that is what it has to be.
No other explaination. Not huge inflation in const, not high energy
costs, or maybe possibly a too low tax rate.
Cut the taxes and really screw them.
I hiope you get my sarcasm
Randy
.
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