Legislative oversight panel hears ODOT: major projects face multi‑billion dollar shortfalls, bonds planned
ODOT told a joint interim transportation committee that several large projects are at different development stages with collective funding shortfalls, and outlined a debt strategy including a planned bond sale to refinance short‑term borrowing. Committee members pressed for contingency plans and clearer tradeoffs.
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The Joint Interim Committee on Transportation Oversight heard an ODOT briefing Tuesday showing a web of funding gaps across the state’s largest projects and a strategy that relies on staged bond issuances.
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