Texas lawmakers pass transportation funding bill
Amanda Bayhi | August 6, 2013
During the special session, lawmakers approved a constitutional amendment that would increase transportation spending by about $1.2 billion each year and provide the funds by diverting a portion of oil and gas revenues from the Rainy Day Fund to the Texas Department of Transportation (TxDOT) .
State lawmakers reached a deal last month that provides conditions for the measure, including a rule allowing the state’s Legislative Budget Board to determine what the Rainy Day Fund’s balance should be and cut off transportation funding if the Rainy Day Fund needs a boost. The deal also specified that the money would only be used to fund projects on non-toll roads and bridges.
Texas citizens will vote on the measure in November 2014.
MORE FROM News & Analysis
- Report: Just 6 Percent of 2013 federal-aid funding went into new roads & bridges366 Views
- Highway Trust Fund: Who’s in and who’s out in next Congress240 Views
- One killed, four injured after bridge collapses at college239 Views
- Tracked electric vehicles the future of transportation?200 Views
- Rollover accident caused from surprise gravel road127 Views