KDOT projects highway fund to drop near zero within two years
The Kansas state highway fund will fall to nearly nothing in two years projects the Kansas Department of Transportation. This report is from the Topeka Capital-Journal.
A KDOT spreadsheet predicting cash flow through 2020 for the highway fund predicts the department will have an ending balance of only $6.9 million when ending balances typically exceed $100 million.
The required ending minimum balance is $56 million.
Kent Olson is the director of KDOT’s division of fiscal and asset management. He says there should be no practical impact to the agency’s work.
Olson says bonds can be issued to ensure a positive ending balance.