Patrick McCarthy
Director of Finance at the Michigan Department of Transportation, responsible for MDOT financing, bond issuances, and fiscal management for state transportation projects.
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Mar 12, 2026 • 20min
Michigan panel boosts funding to rebuild major highways
Patrick McCarthy, MDOT Director of Finance who oversees state transportation financing and bond deals, discusses the STC’s amendment to boost bonding for major highway and bridge rebuilds. He explains how bond premiums increased funding. They also cover debt trade-offs, investor appeal of MDOT bonds, coverage rules, refunding strategy, and timing of new revenues.
Feb 19, 2026 • 34min
Paying by the miles driven - where things stand
Patrick McCarthy, MDOT finance director leading Michigan’s road user charge study and pilot. Barbara Rohde, executive director of the Mileage-Based User Fee Alliance, advancing mileage-based funding nationally. They discuss Michigan’s pilot kickoff and advisory structure. They explore international RUC examples, congressional shifts, privacy options, interstate data needs, and outreach strategies to build trust.
