The state Department of Transportation board has elected new leaders and adopted a financial management plan intended to curb an expected $1.2 billion deficit.
The thirteen-member board approved a proposal including financial aid and bond money totalling $527 million to ease the shortfall. It also authorized seeking an agreement with the State Road and Tollway Authority to use bond revenue totalling $600 million, and plans to eliminate about $250 million in long-range right-of-way costs and other steps projected to result in a positive balance of $156.5 million for the fiscal year ending June 30th.
The DOT board elected Bill Kuhlke Jr. of Augusta, the owner of a construction business and former Richmond County commissioner, as chairman. Former state Rep. Larry Walker of Perry was elected vice chairman.
The thirteen-member board approved a proposal including financial aid and bond money totalling $527 million to ease the shortfall. It also authorized seeking an agreement with the State Road and Tollway Authority to use bond revenue totalling $600 million, and plans to eliminate about $250 million in long-range right-of-way costs and other steps projected to result in a positive balance of $156.5 million for the fiscal year ending June 30th.
The DOT board elected Bill Kuhlke Jr. of Augusta, the owner of a construction business and former Richmond County commissioner, as chairman. Former state Rep. Larry Walker of Perry was elected vice chairman.
