Budgets
are bound to be tight in the coming months, but Gov. Doug Burgum said
if the state can come up with the resources to do it, this summer would
be a great time to do more road projects.
Burgum
said the state is likely to see a reduction in gas tax revenue because
people are traveling less, and those dollars support the state's highway
fund. But with the economic downturn, the governor believes the state
should take advantage of low construction costs.
Click on the links for Burgum's comments on the topics!
Burgum
said if the DOT budget falls short, it would be a good time to issue
bonds or borrow money for road projects because interest rates are low.
The 2019 Legislature rejected a bonding proposal that was part of SB 2268,
a "Corridors of Commerce" bill, that would have provided funds for
construction on Highway 85. Burgum said despite that action, there may
be alternatives through the Bank of North Dakota that would accomplish
the same purpose.