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Texas lawmakers pass transportation funding bill
Posted By Amanda Bayhi On August 6, 2013 @ 2:12 pm In News & Analysis | No Comments
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.
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