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MDOT director outlines $7.9 billion transportation budget, new funding package and pilot for road-usage charging
Summary
MDOT's director presented a high-level overview of a roughly $7.9 billion transportation funding picture and a new state funding package that restructures some revenue streams and adds targeted funding lines for local roads, bridges, transit, ports and trails.
MDOT's director presented a high-level overview of the department's budget and new state transportation funding package, describing roughly $7.9 billion in current transportation resources that flow through the department to local agencies and service providers.
At the start of his remarks the director said, “it's almost $7,900,000,000 to to transportation,” and then outlined the package's major elements: repeal of a previously appropriated $600 million annual income-tax transfer, a restructuring of the motor fuel tax to capture a portion of sales-tax-equivalent…
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