KDOT To Transfer Money From Highway Fund
KSCB News - December 9, 2014 11:39 am
Under the Governor’s allotment plan announced today, the Kansas Department of Transportation will transfer $95.7 million out of the State Highway Fund.
In addition, a 3 percent reduction from KDOT’s operations budget will be included in a rescission bill that will be considered by the 2015 Legislature. The 3 percent reduction amounts to $7.8 million out of an operations budget of $260 million. Although the 3 percent reduction will impact the agency’s salary budget, there will be no layoffs or salary reductions.
Projects announced under the T-WORKS transportation program will continue as planned. Projects already let under the 10-year program have cost less than planned, federal and state revenues have been higher than anticipated, and bond rates have been more favorable than expected.
KDOT leaders also continue to look for savings through technology and innovation where possible.