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 mmcnutt@opubco.com Modified: December 3, 2012 at 8:10 pm •  Published: December 3, 2012
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“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.