MoDOT Announces Uncertain Financial Future

2 years 10 months 1 week ago January 23, 2014 Jan 23, 2014 Thursday, January 23 2014 Thursday, January 23, 2014 2:26:00 PM CST in News
By: Shay McAlister, KOMU 8 Reporter

JEFFERSON CITY- MoDOT representatives announced Thursday they will no longer add new projects to the five-year construction budget due to an uncertain financial future. MoDOT made the announcement at the Missouri Transportation Conference in Jefferson City.

MoDOT projects its annual construction budget will decrease from the $1.3 billion budget it had a few years ago to $700 million in 2015. The budget is expected to continue decreasing to $325 million per year from 2017 to 2019. The 2017 budget fell short of the baseline annual amount required to maintain statewide roads and bridges.

MoDOT said declining fuel revenues and increased building costs are among the reasons for the funding decrease. MoDOT Director Dave Nichols said building costs have increased by about 200 percent in some areas.

In addition to the project cuts, the Cost Sharing program will be suspended. Cost Sharing allows MoDOT to partner with counties or cities to complete projects that are important to the community. The most recently completed project in Columbia was the Route Z roundabout. The roundabout helped ease traffic congestion between Interstate 70 and Battle High School. The Cost Sharing program is suspended until a financial solution is determined.

Missouri Highways and Transportation Commission Chairman Joe Carmichael said he hopes to renew the Cost Sharing program in the future when the funds become available. 

Nichols said MoDOT has made some steps toward a solution including reducing staff by 1,200 and closing some facilities. Those changes along with others have saved $500 million, but according to Nichols it is not enough.

Although no new projects will be added to the budget, projects the Missouri Highways and Transportation Committee has already committed to will be finished until the project budget runs out. 

More News

Grid
List
COLUMBIA - Following the election of Donald Trump, some students gathered for what they called a "positivity event". KOMU sent... More >>
3 hours ago December 02, 2016 Dec 2, 2016 Friday, December 02 2016 Friday, December 02, 2016 7:05:00 PM CST in News
JEFFERSON CITY (AP) — Missouri lawmakers are proposing bills that would make attacking a law enforcement officer a hate crime.... More >>
5 hours ago December 02, 2016 Dec 2, 2016 Friday, December 02 2016 Friday, December 02, 2016 4:51:13 PM CST in News
JEFFERSON CITY (AP) — Lawmakers are proposing bills that would make Missouri a right-to-work state. The Springfield News-Leader... More >>
5 hours ago December 02, 2016 Dec 2, 2016 Friday, December 02 2016 Friday, December 02, 2016 4:46:41 PM CST in News
KANSAS CITY (AP) — A former Kansas City, Missouri, man has been sentenced to 15 years in prison for his... More >>
6 hours ago December 02, 2016 Dec 2, 2016 Friday, December 02 2016 Friday, December 02, 2016 4:23:47 PM CST in News
JEFFERSON CITY - Gov. Nixon and his wife Georganne kicked off the holiday season in the state's capital with Friday's... More >>
7 hours ago December 02, 2016 Dec 2, 2016 Friday, December 02 2016 Friday, December 02, 2016 3:36:00 PM CST in News
POPLAR BLUFF (AP) — A Missouri man who spent eight years behind bars for murder has been acquitted in a... More >>
7 hours ago December 02, 2016 Dec 2, 2016 Friday, December 02 2016 Friday, December 02, 2016 3:26:56 PM CST in News
KANSAS CITY (AP) — Authorities said fireworks that were mistaken for gunshots led to a standoff near Rockhurst University. ... More >>
7 hours ago December 02, 2016 Dec 2, 2016 Friday, December 02 2016 Friday, December 02, 2016 3:09:14 PM CST in News
ST. LOUIS (AP) — The former general manager of a suburban St. Louis car dealership is accused of defrauding the... More >>
7 hours ago December 02, 2016 Dec 2, 2016 Friday, December 02 2016 Friday, December 02, 2016 3:05:38 PM CST in News
KANSAS CITY (AP) — The incoming president of the University of Missouri System and officials attending a welcoming ceremony in... More >>
7 hours ago December 02, 2016 Dec 2, 2016 Friday, December 02 2016 Friday, December 02, 2016 3:00:15 PM CST in News
COLUMBIA - A $2,000 donation will help protect South Callaway residents from potentially deadly house fires. Safeco Insurance's Protecting... More >>
7 hours ago December 02, 2016 Dec 2, 2016 Friday, December 02 2016 Friday, December 02, 2016 2:52:00 PM CST in News
JEFFERSON CITY - A Fulton woman has pleaded guilty to money-laundering related to distributing synthetic cannabinoids, or K2, at businesses... More >>
7 hours ago December 02, 2016 Dec 2, 2016 Friday, December 02 2016 Friday, December 02, 2016 2:45:00 PM CST in News
COLUMBIA – The Columbia Housing Authority announced today the plan to renovate 90 units in the coming years. The... More >>
8 hours ago December 02, 2016 Dec 2, 2016 Friday, December 02 2016 Friday, December 02, 2016 2:15:00 PM CST in News
KANSAS CITY (AP) — Authorities said a Kansas City man who stole a firearm from a homicide victim has been... More >>
8 hours ago December 02, 2016 Dec 2, 2016 Friday, December 02 2016 Friday, December 02, 2016 2:01:43 PM CST in News
PARKVILLE (AP) - A campaign is underway to restore holiday decorations that were removed from trees along a suburban Kansas... More >>
8 hours ago December 02, 2016 Dec 2, 2016 Friday, December 02 2016 Friday, December 02, 2016 1:56:25 PM CST in News
KANSAS CITY (AP) — A suburban St. Louis school system has shed an unaccredited label that had forced it to... More >>
8 hours ago December 02, 2016 Dec 2, 2016 Friday, December 02 2016 Friday, December 02, 2016 1:49:07 PM CST in News
JEFFERSON CITY - On Friday, police identified one of the suspects in the October 31 homicide on Michigan Street. ... More >>
10 hours ago December 02, 2016 Dec 2, 2016 Friday, December 02 2016 Friday, December 02, 2016 11:45:00 AM CST in News
BOONE COUNTY - Deputies arrested a man late Thursday night after he fled his van which then rolled into a... More >>
11 hours ago December 02, 2016 Dec 2, 2016 Friday, December 02 2016 Friday, December 02, 2016 10:56:00 AM CST in News
CLAYTON (AP) — The son of former St. Louis County Executive Charlie Dooley has been sentenced to 23 years in... More >>
12 hours ago December 02, 2016 Dec 2, 2016 Friday, December 02 2016 Friday, December 02, 2016 10:29:34 AM CST in News
Columbia, MO
Broken Clouds 37°
11pm 33°
12am 32°
1am 32°
2am 31°

Select a station to view its upcoming schedule:

Coming Up Next

10:00p
KOMU 8 News @ 10
10:35p
The Tonight Show Starring Jimmy Fallon
11:37p
Late Night with Seth Meyers
10:30p
The King of Queens
11:00p
Rules of Engagement
11:30p
Rules of Engagement

Tonight's Schedule

7:00p
Caught on Camera with Nick Cannon
8:00p
Dateline NBC
7:00p
The Vampire Diaries
8:00p
Crazy Ex-Girlfriend
9:00p
KOMU 8 News @ Nine on The CW
9:30p
Seinfeld