Texas Senate, House have different transportation funding plans
The Texas Senate and House have proposed two radically different plans to raise money for transportation spending, according to a report from our sister site, Better Roads.
The Texas Senate on Thursday passed Senate Joint Resolution 1 (SJR1), which would collect $900 million a year, beginning November 2014, from the oil and gas industry’s severance taxes and give that money to the Texas Department of Transportation (TxDOT). The measure will need to be approved by voters in November before becoming a constitutional amendment.
While the Senate intends to use severance taxes, the Texas House is looking to state gasoline taxes for highway funding. The House Appropriations Committee on Thursday approved House Joint Resolution 2 (HJR2) with a vote of 22-0.
The measure would remove a constitutional requirement that sends a quarter of the state’s gasoline taxes to public education. Instead, the approximately $900 collected would go to TxDOT, while K-12 would receive funding from Texas’ general revenue.
HJR2 is headed to the House floor. If the House approves the measure, Texas voter will have to approve it as well before it becomes a constitutional amendment.
The committee also passed a companion measure that would send a third of new motor vehicle sales taxes to TxDOT, starting in 2016.
From our partners
Sandvik Construction launches the newly developed CH540 cone crusher - the latest crusher in a market-leading series. The all new…
MORE FROM Aggbeat Online
SUBSCRIBE & FOLLOW
- A set of dinosaur footprints were found in a German quarry581 Views
- A Game of Stones: Quarry set location of 'The Wall' in HBO show could become a permanent attraction478 Views
- The nation’s top 25 crushed stone producers413 Views
- Summit Materials acquires Utah construction materials company380 Views
- A miner was seriously injured after a metal walkway gave way349 Views