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News Item #570
[Commonwealth of Kentucky]
Toll Road "Credits" to be Used to Fund LexTran and TARC
Posted: 15-Nov-2003 8:32AM CST

The commonwealth will use a provision of the federal Intermodal Surface Transportation Efficiency Act of 1991 (ISTEA) to receive federal money to fund LexTran and TARC. The ISTEA allows states to use money spent constructing toll roads that are now part of the National Highway System to be used as credits to receive federal matching funds. Usually, states must match 20% of the federal money applied to highway and transit project; however, Kentucky will use credits accumulated through the construction of the Kentucky Turnpike and parkway system in place of the 20% state matching funds.

More information: KYTC Press Release: LexTran and TARC Public Transit Systems Receive Funding through Toll Road Monies (Nov. 12, 2003) [Outside Link]

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Comment posted by Jeff Carlyle on 15-Nov-2003 2:40PM CST
I personally find this action questionable. Fayette County has never had a toll road, and Jefferson County hasn't had a toll road since tolls were removed from the Kentucky Turnpike (now I-65); however, those counties will be benefit from the fact that drivers in other parts of the state have to pay tolls.
 
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Updated: 15-Nov-2003 2:40PM CST

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