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Ohio Department of Transportation Financial & Statistical Report : Fiscal Year 2007
  • Published Date:
    2007
  • Language:
    English
Filetype[PDF-6.01 MB]


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Ohio Department of Transportation Financial & Statistical Report : Fiscal Year 2007
Details:
  • Alternative Title:
    Ohio Department of Transportation Financial and Statistical Report : Fiscal Year 2007
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  • NTL Classification:
    NTL-PLANNING AND POLICY-PLANNING AND POLICY ; NTL-ECONOMICS AND FINANCE-ECONOMICS AND FINANCE ;
  • Abstract:
    On behalf of the dedicated men and women of the Ohio Department of Transportation, I share with you this Financial and Statistical Report for State Fiscal Year 2007, documenting the state and federal dollars invested by ODOT into preserving, maintaining, and modernizing Ohio's multi-modal transportation system. During the state fiscal year from July 1,2006, through June 30,2007, ODOT appropriated $3.59 billion, an investment of approximately $700 million more into the state's transportation infrastructure than four years ago. ODOT has three primary funding sources: state and federal gas tax and bond revenues. With those dollars, the department provides for the preservation of the existing state infrastructure, funding for local infrastructure, investment in major new projects, operating costs for the department, and efforts to integrate all modes of transportation - connecting highway, rail, transit, aviation, waterway, bike paths and pedestrian trails. More than connecting points on a map, the investments made into Ohio's transportation system contribute to job creation. These dollars are critical to generating long-term, high value jobs and the economic development the state must support, as we work together to turnaround Ohio. Also behind these financial statistics are the fiscal challenges currently facing the department, as we confront the continued high costs for oil, materials and energy which have driven double-digit construction inflation. This situation is made worse by flattening state revenue and uncertain future federal funding. As Governor Strickland often reminds, it is in hard times such as these that we must live within our means and invest in what truly matters to Ohio. As a department, we are committed to being good stewards of the public trust and the public dollar. Money matters and the cost of doing business will always be a primary concern, not an afterthought. We will direct our resources at efforts that target our greatest needs and greatest opportunities. Finally, we will emphasize those investments and solutions that build reliable partnerships instead of competition between state and local governments, between government and the private sector, and between Ohio's diverse industries and interests. Simply put, we are committed to working toward the common good for all Ohioans.
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