For informational/historical purposes only.

NEWS RELEASE
The Ohio Department of Transportation & The Office of Governor Bob Taft
January 24, 2003

 

TAFT UNVEILS TRANSPORTATION
FINANCING PLAN

10-year, $5 billion proposal to help revitalize aging highway network

COLUMBUS (January 24, 2003) Governor Bob Taft today proposed a far-reaching transportation proposal to rebuild Ohios aging highway system. The investment will stimulate the economy by supporting thousands of new construction related jobs in Ohio.

"If our economy is to rebound and reach new heights, we must have a modern system of roads, capable of moving people and goods safely and efficiently," said Taft. "Thats why my budget will call for new transportation revenues, ensuring a stable base of funding for road and bridge construction."

The governors 10-year, $5 billion transportation financing plan will allow Ohio and its local governments to rejuvenate and repair the states transportation network. Specifically, the plan will:

  • Provide ODOT a minimum of $250 million annually for the departments Major New Construction program;

  • Provide an additional $289 million annually for Ohios cities, counties and townships, when fully implemented;

  • Shift the Ohio Highway Patrol from the state motor fuel tax and provide the agency with dedicated new funding from licenses and registration fees;

  • Phase-in a motor fuel tax increase of two cents per year for three years. When fully funded at six cents, the fuel tax increase will provide $402 million in new transportation funding; and,

  • Increase drivers license and vehicle registration fees by $5 and car title transactions by $15. With 3.2 million licenses, 11.2 million registrations and 6.8 million titles annually, these new fees would raise $175 million.

"This proposal is consistent with recommendations provided by the Motor Fuel Task Force commissioned last year by the Ohio General Assembly," said Taft. "It will help to rebuild our infrastructure, improve motorist safety, reduce congestion and keep the state economically competitive in the 21st century."

The plan substantially increases funding for local roads, which have Ohios highest accident rates and worst bridge conditions. It also provides stable funding for maintaining state highways and addressing urban congestion and rural corridor completion.

When fully implemented, the package will provide more than $570 million a year for infrastructure improvements: $250 million annually for the ODOTs Major New Construction Program; $121 million annually for Ohios cities; $105 million annually for Ohios counties; and, $63 million annually for Ohios townships.