DelDOT reaffirms commitment to fiscal responsibility

By Jim Hilgen 5:47pm, November 16, 2012 - Updated 10:48am, November 17, 2012
Sec. Bhatt (File)
DelDOT Secretary Shailen Bhatt says the department is committed to fiscal responsibility.

Bhatt told a Dover subcommittee the department stopped borrowing to pay for construction.

He added the refinancing of a $250 million bond saved taxpayers some $28 million.

Bhatt says the department is taking steps that will put it on financially stable course.

The State Transportation Trust Fund in expected to bring in $520 billion by the end of Fiscal Year 2012.

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