Texas Senate, House propose differing transportation funding plans
Amanda Bayhi | July 12, 2013
The Texas Senate and House have radically different ideas about how to raise funds for highway spending, the Austin American-Statesman reported.
The Texas Senate on Thursday passed Senate Joint Resolution 1 (SJR1), which proposes earmarking a portion of the severance taxes collected from the state’s oil and gas industry to fund transportation.
The proposed constitutional amendment would give the Texas Department of Transportation (TxDOT) $900 million a year beginning November 2014, rather than sending that money to the state’s Rainy Day Fund. SJR1 will go to voters in November.
The Texas House, however, has a different plan for raising the state’s transportation funds. House Joint Resolution 2 (HJR2), which would remove a constitutional requirement that a quarter of the state’s gasoline taxes go to public education, passed the House Appropriations Committee on Thursday with a vote of 22-0.
HJR2, like SJR1, would send $900 million a year to TxDOT. The money would come from state gas taxes. K-12 funding would instead come from the state’s general revenue.
HJR2 will now go to the House floor. If the measure passes the House, it would require voter approval to become a constitutional amendment.
The committee also passed a companion measure that would give TxDOT a third of new motor vehicle sales taxes beginning in 2016.
MORE FROM News & Analysis
- VIDEO: Watch these crews slide a half-mile, 30 million-pound bridge into place over the Ohio River562 Views
- 5 Options for Avoiding Highway Trust Fund Insolvency548 Views
- Foxx: Insolvent transportation system could cost 700k jobs395 Views
- What the latest Obamacare update means for your business344 Views
- U.S. DOT predicts August shortfall in latest Highway Trust Fund Ticker update336 Views