MHTC approves cost-share program, asks questions about future funding

The Missouri Highways and Transportation Commission approved the FY2017 budget, including approval for a cost-share program, during the commission’s first meeting since the end of the legislative session.

While the General Assembly’s failure to approve a ballot measure to increase the gas tax by 5.9 cents was greeted with disappointment Wednesday morning at Union Station, the allocation of $20 million dollars for a cost-share program, known as Missouri Moves, by the legislature was an important piece of news for a commission looking for money to keep up with an aging transportation network.

Under the cost-share program, local jurisdictions can apply to have their projects sped up by using their own money for the project alongside the $20 million set aside for Missouri Moves. Two-thirds of the money will be used for road and bridge projects, with the rest going towards projects like pedestrian walkways and multi-modal projects.

In addition to the cost-share program, the commission also welcomed $12.4 million for ports and $9.6 million for Amtrak in the FY2017 budget, which will go into effect July 1.

Read more: Missouri Times


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