JEFFERSON CITY- The Missouri Department of Transportation held a meeting to announce a severe decrease in funding at the end of this year.
MoDOT will soon run out of stimulus money and money from Amendment 3. The 2004 amendment that allowed it to issue bonds.
MoDOT's construction budget was $1.5 billion in fiscal year 2009. By fiscal year 2014 funds will fall to $421 million. That is more than a 60 percent loss.
With a $22 million loss per month, MoDOT will be forced to only conduct minimal maintenence. Minimal maintenence means MoDOT will simply fix small problems such as pot holes, as opposed to reconstructing the roads.
Among other things, MoDOT will also see a loss of jobs and less projects. Pete Rahn, Director of the Missouri Department of Transportation says he is worried if funds don't increase future projects won't get done.
MoDOT hopes to address congestion at the Lake of the Ozarks, Highway 50 in Jefferson City, and I-70 in Columbia and all over Missouri.
Truck drivers voted Missouri roads as the fifth best in the nation. MoDOT says 83 percent of Missouri highways are currently in good condition.