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DOTD deputy secretary outlines project funding and recurring vehicle-sales revenue
Summary
Deputy Secretary Barry Keeling told the district the connector project has roughly $12.9 million budgeted (about $5.5 million spent), and that recurring vehicle-sales tax collections produced $31.7 million in 2024 with an expected $40 million per year going forward; a $300 million state deposit also sits in mega-fund accounts but only recently began earning higher returns.
Deputy Secretary Barry Keeling gave the Capital Area Road and Bridge District a summary of funding available for the Mississippi River connector project and the larger 'mega project' accounts.
Keeling said $12.9 million is currently budgeted to the connector project, with about $5.5 million expended and roughly $3.9 million committed, leaving a remainder of about $3.4 million in the project account. He told board members the current funding should cover environmental-stage work through…
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