For informational/historical purposes only.

NEWS RELEASE

Ohio Department of Transportation Internet News Release
February 12, 2003

ODOT DIRECTOR LAYS OUT 2004-2005 SPENDING PLAN
Proposal Includes Plan To Raise New Transportation Revenue

COLUMBUS ODOT Director Gordon Proctor today testified before the House Finance Committee regarding the departments $4.64 billion budget for fiscal years 2004 and 2005. The annual spending breakdown includes $2.33 billion the first year and dropping to $2.31 billion in 2005.

"Ohios transportation system is an asset of incalculable worth," Proctor said. "For Ohio to stay competitive even in difficult economic times, we must invest in it to preserve it."

Part of the proposed budget would include an annual 2 cents-a-gallon gasoline tax increase during the next three years in order to preserve Ohios transportation system and to provide modest growth of new highways. When fully implemented, the new financing plan would generate $5 billion over a 10-year period, including:

  • $289 million annually for the Ohio Department of Transportation;

  • $121 million annually for Ohios cities;

  • $105 million annually for Ohios counties; and

  • $63 million annually for Ohios townships.

Spending to maintain the states roads and bridges would increase from the current $676 million in 2003 to $700 million in 2004 and again in 2005.

If Ohios Legislature approves the proposed financing plan, ODOTs major new construction program would be funded at $300 million a year. However, without new revenue the level of investment in this program will halt by 2005.

"Without additional revenue, the requests by local communities for interchange improvements, bypasses or major transit projects will go unmet," said Proctor. "Our top priority always is system maintenance. Without new revenue, we only will have funding for system maintenance, and not for any system improvement."

Additionally, assistance from the federal government is expected to decline. In federal fiscal year 2004, beginning October 2003, funding is expected to drop to $943 million and $955 million in 2005 a decrease of $37 million over the current two-year funding level.


 

RELATED LINKS AND FILES:

Information sheets

  • ODOT Budget Highlights 2004 - 2005

  • ODOT Highway Capital Funding Summary

  • Transportation Delivers for Ohio

  • Taft Transportation Financing Plan

  • Economic Impacts For Ohio

  • New Construction Program In Jeopardy

  • Local Infrastructure Needs