Texas Legislature approves measure to increase transportation spending by $1.2 billion
The Texas Legislature on Monday night approved a constitutional amendment that would add about $1.2 billion annually to the state’s transportation spending, according to a report from our sister site, Better Roads.
The money would come from a portion of oil and gas revenues diverted from the Rainy Day Fund and would go to the Texas Department of Transportation (TxDOT).
The Texas House and Senate last month agreed to allow the Legislative Budget Board to determine the Rainy Day Fund’s balance and to give the board authority to cut off transportation funding if more money is needed in the Rainy Day Fund. The money would only fund projects on non-toll roads and bridges.
The measure will go to Texas voters in November 2014.
From our partners
Developing a solid relationship with Demolition Technologies Specialized Services enables Crushing Tigers…
MORE FROM Aggbeat Online
SUBSCRIBE & FOLLOW
- Two teens dead after falling through ice at quarry744 Views
- CRH emerges as frontrunner for Holcim and Lafarge assets550 Views
- MSHA files more discrimination complaints in 2014 than any other year302 Views
- Caterpillar full-year earnings dip with bad 4Q; 2015 doesn't look good either282 Views
- A. Colarusso and Son acquires Holcim land in NY135 Views