Considering the Rona only impacted about three-and-a-half months of the year, coming up almost $100 million short is a problem. What’s the plan for delaying/canceling transportation projects?
Preliminary information regarding transportation fund revenue collections for 2019-20 is now available. According to the Department of Transportation (DOT), net transportation fund revenue collections after transportation revenue bond debt service is paid, totaled $1,893.3 million in 2019-20, which was 6.2% higher than net transportation fund collections in 2018-19. The revenue increases over the prior year are the result of the transportation tax and fee increases included under 2019 Act 9.
The final estimate of net transportation fund collections estimated under 2019 Act 9 was $1,990.6 million. Preliminary actual transportation fund collections were $97.3 million, or 4.9%, below the estimate.