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    <title>road projects</title>
    <link>https://www.wfdd.org/tags/road-projects</link>
    <description>road projects</description>
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    <copyright>Copyright</copyright>
    <lastBuildDate>Tue, 05 May 2020 00:59:18 GMT</lastBuildDate>
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      <title>NCDOT In Financial Crunch From COVID-19 Losses</title>
      <link>https://www.wfdd.org/2020-05-04/ncdot-in-financial-crunch-from-covid-19-losses</link>
      <description>The state Department of Transportation says it has reached a milestone that is forcing it to make changes that include layoffs and delays of future plans.…</description>
      <content:encoded><![CDATA[<figure><img src="https://npr.brightspotcdn.com/dims4/default/7b8edfe/2147483647/strip/false/crop/800x462+0+0/resize/792x457!/quality/90/?url=http%3A%2F%2Fnpr-brightspot.s3.amazonaws.com%2Flegacy%2Fimages%2Fstory%2Fncdot.jpeg"><figcaption></figcaption></figure><p>The state Department of Transportation says it has reached a milestone that is forcing it to make changes that include layoffs and delays of future plans.</p>
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<p>The department is required to have a cash floor of $293 million. Now that it's fallen below that threshold, no new contracts can be put in place and future projects are on hold.</p>
<p>DOT officials say work that is already underway can continue, and highways can be maintained with the materials it has on hand.&nbsp;</p>
<p>But it can't make right-of-way purchases, buy new equipment or enter into new construction contracts.</p>
<p>The DOT says it has laid off nearly half its temporary employees and some of its consultants. It's also working on a department-wide furlough plan.</p>
<p>DOT makes most of its funds off gas taxes, highway use funds, and DMV fees. With fewer people driving because of stay-at-home orders, that revenue has declined by about $300 million for the current fiscal year ending in June. A loss of $370 million is projected for the next fiscal year.</p>
<p><!--class="Mso"--><em>For the most up-to-date information on coronavirus in North Carolina, visit our Live Updates blog&nbsp;</em><strong><em><a aria-describedby="slack-kit-tooltip" delay="150" href="https://slack-redir.net/link?url=https%3A%2F%2Fwww.wfdd.org%2Fstory%2Flive-updates-coronavirus-north-carolina&amp;v=3" rel="noopener noreferrer" target="_blank">here</a></em></strong><em>. WFDD wants to hear your stories —</em><strong><em><a aria-describedby="slack-kit-tooltip" delay="150" href="https://slack-redir.net/link?url=https%3A%2F%2Fwww.wfdd.org%2Fcontinuous-coverage-covid-19-outbreak&amp;v=3" rel="noopener noreferrer" target="_blank">&nbsp;connect with us</a></em></strong><em>&nbsp;and let us know what you're experiencing.</em></p>]]></content:encoded>
      <pubDate>Tue, 05 May 2020 00:59:18 GMT</pubDate>
      <guid>https://www.wfdd.org/2020-05-04/ncdot-in-financial-crunch-from-covid-19-losses</guid>
      <dc:creator>Paul Garber</dc:creator>
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