Governor Jeff Colyer today announced that the Kansas Department of Transportation is increasing the exchange rate for local public agencies seeking to fund local projects with state funds through the Federal Fund Exchange Program, returning the exchange rate to $.90 in state funds made available for every $1.00 in federal funds awarded a local agency, upon that agency’s request. Max Dibble, Phillips County Commissioner and Kansas Association of Counties President, said, “Restoration of the $.90/$1.00 ratio in the federal funds exchange program will allow counties to further stretch our transportation dollars. This means safer local roads and bridges for our citizens, farmers and businesses depending on them.”
(Read more: Hays Post)