What Is Prop 7?
During the 84th Legislative Session, State Senator Robert Nichols (R-Jacksonville) authored Senate Joint Resolution 5. Overwhelmingly passed by both the House and the Senate, SJR 5 was sent to Texas voters as a constitutional amendment. This constitutional amendment will be on the ballot as Proposition 7. Prop. 7, upon voter approval, would provide billions in additional funding for the State Highway Fund.
Where Will The Money Come From?
Prop. 7 would dedicate $2.5 billion of revenue annually from sales tax to be allocated to the state highway fund starting in the 2018 fiscal year. Prop. 7 would include 35% of revenue derived from the motor vehicles sales and rental tax that exceeds $5 billion. The Legislative Budget Board has estimated that the state highway fund would see around $2.5 billion in 2018 and 2019, but close to $3 billion in 2020.
Will Prop 7 Raise Taxes?
NO! Like Proposition 1, which voters overwhelmingly passed with 80% of the vote in November 2014, Prop. 7 won’t raise the taxes of one Texan. Funds from Prop. 7 CAN’T be used for toll roads. Those funds can be only used for highway construction, maintenance, and the acquiring of right of ways for public roads. It can also be used to repay the principal and interest on general obligation bonds issued by the Texas Department of Transportation. This would save Texans money in the long run.
What Will Be On My Ballot For The November 3rd Election?
“The constitutional amendment dedicating certain sales and use tax revenue and motor vehicle sales, use, and rental tax revenue to the state highway fund to provide funding for nontolled roads and the reduction of certain transportation-related debt.”