Wednesday, January 29, 2014

The Stark Reality of MoDOT Funding

As you all know by now, the stark reality of our funding shortfall is here.  For years we have been telling Missourians that construction and maintenance costs were going up while MoDOT’s revenue was going down.

State and federal dollars are coming in below our needs, this is no surprise, we have been talking about this for years.

We have done a lot to prepare for this.  The Bolder Five-Year Direction helped brace us for this moment.  Now the commission has taken additional measures to help meet the limits of our financing.  One of which begins with our STIP program.  We will not be adding any new projects to the STIP.  The STIP will remain the same, allowing us to manage our funds looking forward.

Second, the cost share program will be suspended.  This program allowed counties and municipalities to contribute funds for transportation projects.  There is no additional construction funding outside of what is already programmed in the STIP.  There is no reason to keep this option on the table at this point in time. 


We have been talking about this funding cliff for a few years.  We are as ready as possible.