Last year, real-estate developer and art collector Ron Pizzuti opened the doors to the Pizzuti Collection in the Short North, a venue at which to showcase his vast art collection. After purchasing his first piece of art in 1972, he has since amassed more than 1,500 works by artists ranging from Frank Stella to Ai [...]
More Fuel Efficient Cars Mean Less Revenue For ODOT
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A group known as Environment Ohio released a report Wednesday backing the Obama Administrationâ€™s proposed auto fuel efficiency standards. Those standards call for an average of 54.5 miles per gallon for vehicles by 2025. But better fuel economy means a decline in revenue for the state department of transportation.
At a press conference in Columbus, with a fuel efficient Toyota Prius as a backdrop, Dan Van Voorhis of the group Environment Ohio said that President Obamaâ€™s proposed 54.5 miles-per-gallon standard is obtainable.
â€œWe have the Prius here that gets an average of 45 miles a gallon,â€ Van Voorhis said. â€œThe standards are right there and the technology is already there.â€
The group says cutting oil consumption has a host of benefits including the reduction of global warming pollution.
But there is a downside at least for the time-being. The financially troubled Ohio Department of Transportation â€“ ODOT â€“ has seen a reduction in revenue as vehicles become more efficient. Gene Krebs is a senior director at the Greater Ohio Policy Center.
â€œOhioâ€™s Department of Transportation is funded almost entirely at the state level through a gasoline tax which is dependent upon the volume of gasoline used, not the price of it,â€ Krebs says. â€œWhat that means is that as your consumption goes down, the amount of dollars received by ODOT goes down.â€
Department of Transportation director Jerry Wray gave a sobering assessment of his agencyâ€™s financial difficulties on Tuesday. Wray had said earlier this year that ODOT faces more than $1.5 billion budget shortfall.
Greater Ohioâ€™s Gene Krebs says the easy solutions have been implemented. Now itâ€™s time for tougher measures.
â€œAll the solutions that are left are very difficult; and frankly very ugly,â€ Krebs says. But at least now, because Director Wray has admitted they have a problem, we can start having that discussion.â€
Billions of dollars in construction projects have been delayed or postponed because of ODOTâ€™s budget difficulties.