The South Carolina Department of Transportation (SCDOT) has begun publishing a weekly update for the media and the public concerning the agency’s financial situation. This is an effort to clarify information that has been circulating in public venues that may have been distorted or confusing.
A report was presented to the SCDOT Commission at its monthly meeting on August 18, 2011 by Secretary of Transportation Robert St. Onge concerning the agency’s cash management situation. St. Onge made the following points:
1) SCDOT’s immediate cash flow challenge has been resolved with the cooperation of the FHWA and the accelerated reimbursements.
2) SCDOT will more closely review the financial impact each project will have on the agency’s cash flow before the contractors are given the green light to begin work. The evidence of these efforts is the reduction of projects already mentioned.
3) Despite the cash flow issues, SCDOT is following its mandate to maintain and improve the safety of the state highway system and a great deal of work has been accomplished.
4) SCDOT is a major contributor to the economy. Providing work for the highway construction industry keeps thousands of people in South Carolina working, earning paychecks and paying taxes instead of creating a drain on the state through making unemployment payouts.
5) The work done by our contractors and consultants improves the safety and efficiency of the highways and provides infrastructure for economic development.
SCDOT Funding Information