ODOT is facing a huge budget gap. What’s the way out?
The Oregon Department of Transportation (ODOT) faces financial challenges with $4 billion in loans and stagnant revenues from taxes and fees. Governor Tina Kotek halted tolling plans for I-5 and I-205, urging legislative consideration for alternative transportation funding. ODOT Director Kris Strickler expressed understanding of the governor's decision, citing the complexities of tolling implementation. While tolling remains a potential solution, it's temporarily off the table. ODOT's debt service costs $553 million biennially, limiting funds for other priorities. Discussions with legislators focus on diversifying funding sources, including a road usage charge, to address declining revenues. Although fuel taxes have increased, they're not indexed to inflation, contributing to financial strain. While tolling could be revisited, Strickler emphasizes timing and public acceptance as crucial factors.
