Friday, November 16, 2012 - 5:47pm
DelDOT reaffirms commitment to fiscal responsibility
Updated Saturday, November 17, 2012 - 10:48am
DelDOT Secretary Shailen Bhatt says the department is committed to fiscal responsibility.
|Sec. Bhatt (File)|
Bhatt told a Dover subcommittee the department stopped borrowing to pay for construction.
He added the refinancing of a $250 million bond saved taxpayers some $28 million.
Bhatt says the department is taking steps that will put it on financially stable course.
The State Transportation Trust Fund in expected to bring in $520 billion by the end of Fiscal Year 2012.
Copyright © Sep 19, 2014, WDEL/Delmarva Broadcasting Company. All Rights Reserved.
This material may not be published, broadcast, rewritten, or redistributed.