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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:
  • Resource Type:
  • Geographical Coverage:
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  • NTL Classification:
    NTL-PLANNING AND POLICY-PLANNING AND POLICY ; NTL-ECONOMICS AND FINANCE-ECONOMICS AND FINANCE
  • Format:
  • 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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