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Several projects leave road fund with deficit to start fiscal year

Several projects leave road fund with deficit to start fiscal year

The state fund which pays for road construction has a negative balance of around $80 million one month into the new fiscal year.

The director of the division which oversees construction planning told the state Transportation Commission Monday that will change. The DOT’s Stuart Anderson says they normally plan to be about 20 million dollars above the available money in case some projects run behind.

“Typically in a year we’ll have a project or two where there are some development issues and it is just not going to be put out to bid as anticipated,” Anderson explains. “So, it’s always good to be a little over programmed so you have a project ready to go in its place.”

Read the full article on the Radio Iowa website.



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