“While we expect other non-transportation areas will be impacted far more than transportation — such as the military and social services as well as other domestic programs — we are still concerned as any reduction in funds will impact CDOT’s ability to plan for and begin new highway projects,” Stegman said.
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November 30, 2012
No alarms are being sounded at the Colorado Department of Transportation about the fiscal cliff and the possibility of federal funds being severed from the agency.
At least not yet. But check back in March.
About 42 percent of CDOT’s $1.21 billion budget comes from the federal gas tax, which helps fund road projects throughout the state. CDOT spokeswoman Stacey Stegman said those ongoing projects would continue for about two months should the budget ax fall…