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Fiscal cliff won't affect Oklahoma road money

State transportation officials say looming fiscal cliff won't take money away from Oklahoma road projects.
BY MICHAEL MCNUTT Modified: December 3, 2012 at 8:10 pm •  Published: December 3, 2012

“We are not aware of any problems associated with the federal funds coming to transportation based on what we know,” Ridley said.

The state Transportation Department is to receive about $600 million from the federal government this year, he said.

About $100 million is earmarked for county and city road and bridge projects while the rest is dedicated for state projects.

The Transportation Department will receive about $540 million of state money this year.

A stalemate continues in Washington, with the president wanting to extend all expiring tax cuts except those that apply to incomes over $200,000 for individuals and $250,000 for couples.

Most Republican congressional leaders argue that would harm the economy and instead are pushing for specific cuts.


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