Highway leader says time to turn away from debt for roads

By November 26, 2012 August 4th, 2014 No Comments

The Texas Department of Transportation will spend 10 percent of its next two-year budget on debt payments, the legacy of a several-year borrowing binge — conceived by the Legislature and approved by voters — that allowed the agency to spend tens of billions on new construction in the state’s larger urban areas.

Click here to read the original article