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Friday, February 9, 2007
State of Transportation Address
On Feb. 7, Missouri Department of Transportation Director Pete Rahn told lawmakers the agency’s road construction budget will soon “drop off a cliff.” MoDOT is spending $1.3 billion this year on construction. The amount will shrink to $569 million in 2010, when the agency will have to shift a large portion of its revenue to pay off bonds it issued in recent years to provide up-front money for projects. During a speech before a joint session of the General Assembly, Rahn asked lawmakers to consider providing MoDOT more funding, though he offered no suggestions as to how.