The city had a total budget of 7,000 yet only received ,837 in municipal road aid from the state to cover ,730 in street repairs.
With over 0-plus million in maintenance needs at Kentucky’s state parks, public-private partnerships, known as P3s, are expected to help reduce the parks’ deferred maintenance while employing a strict system of check and balances built into HB 309, said Tourism, Arts and Heritage Cabinet General Counsel Leigh Powers. We’re finding ways to make them better,” said Powers.
The framework for P3s proposals, both solicited by agencies and unsolicited, will ensure that “the Commonwealth gets what it bargained for,” she told lawmakers.
“We wanted to make sure our protocols are appropriate.” That drew a response from committee Co-Chair Rep. The Kentucky League of Cities’ plan would set an 5 million cap on state road funds distributed through a state 1948 revenue-sharing formula called the “Fifths Formula”—the formula on which distribution of county road aid and rural secondary road funding is based.
Revenue-sharing dollars allocated to local governments above that cap under the proposal would be split between cities and unincorporated areas based on population and road miles, KLC officials told the Interim Joint Committee on Local Government. “We will include all that: the legislative agenda, the formula of Fifths, the way it works with the new proposal… Setting the cap at that level, he said, would hold counties “harmless,” or essentially allow them to continue receiving the funding they already enjoy.
Division of Water Director Peter Goodmann told the Interim Joint Committee on Natural Resources and Environment yesterday that over 58,700 miles of the state’s drinking water lines are an average of 38 years old with 16 percent of those lines dating back 50 years or more.
“Many systems are selling 18 – 20 percent less water than they used to,” Goodmann told the committee.
A handout provided by all three attorneys explained when P3s should be used and what considerations should be taken into account before approval for a P3 is given.
Some of those considerations include benefits gained or not gained, timeliness and risk.
We have to wait until it’s really bad and we have no choice,” he said.
At the same time, he said Kentucky counties have received more road aid than they needed in recent funding cycles.
Mc Lain explained additional considerations for transportation P3s includes, but is not limited to, compliance with federal requirements and investment-grade credit ratings.