Executive Director Mike Patterson told the Oklahoma Transportation Commission on Monday that the two revenue failures for State Fiscal Year 2016 have reduced the Rebuilding Oklahoma and Driver Safety fund by nearly $31 million, impacting ODOT’s capital budget for highway projects.
Even with additional federal transportation funding provided by the U.S. Congress in the FAST Act, cuts to the ROADS fund mean the agency will not be able to finance all of the projects scheduled to go to bid in the current year of its Eight-year Construction Work Plan.
“These revenue failures will have an impact on the Eight-year Plan as some projects this year will be delayed and more in upcoming years will have to be delayed or postponed,” Patterson said. “We will continue to work with the state legislature on solutions to continue the state’s progress on transportation as lawmakers balance next year’s budget.”
Which projects possibly being delayed or postponed were not disclosed.
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