Transportation Funding Bill Moves a Step Further
Time is running out in the second special legislative session for lawmakers to address the state's transportation funding problems. The Texas House of Representatives passed two bills yesterday that could help solve those problems. The bills, if approved by the voters in November, would add billions of dollars to state transportation funding over the coming years. They are:
- H.B. 16 (Pickett), as passed by the House on Second reading, would: (1) enact a complex formula that would end the diversion of gas tax revenues that currently fund the available school fund; and (2) require that those funds be used mainly for transportation funding. The bill would take effect only if H.J.R. 2 is approved by the voters.
- H.J.R. 2 (Pickett), as passed by the House on second reading, would: (1) amend the Texas Constitution to provide that all of the state’s gas tax revenues would go to fund transportation (twenty-five percent of the revenue currently goes towards school funding); and (2) provide for a diversion of revenue from the state's oil and gas tax revenues to make up the school funding portion. The result of the revenue swap in (2) would be that the Texas Department of Transportation would receive additional funding over the coming years, and that the state's Rainy Day Fund would grow by a smaller amount each year.
The bills now move on to the Senate. If transportation funding is a priority for your city, please contact your state senator to urge a vote in favor of H.B. 16 and H.J.R. 2.