Texas lawmakers hope to tackle long-term funding for road projects (Dallas Morning News)

December 9, 2012 – As the next Legislature grapples with ways to fund Texas transportation projects, top lawmakers acknowledge that failing to secure a long-term solution is no longer an option. Beyond 2014, the Texas Department of Transportation’s $10 billion annual budget is projected to cover only maintenance, , leaving no cash for expansion or construction. And Texas’ population — and transportation needs — will continue to grow. The chairmen of the state House and Senate transportation committees say they’re welcoming ideas — including a $50-a-year increase in vehicle registration fees. But emerging as a top potential fix is a constitutional amendment to dedicate the sales tax on vehicle purchases to TxDOT.

Link to Full Article: http://www.dallasnews.com/news/politics/texas-legislature/headlines/20121209-texas-lawmakers-hope-to-tackle-long-term-funding-for-road-projects.ece

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