Proposition 7 reduces congestion, improves safety, and creates jobs.
What Is Prop 7?
Proposition 7 is the next step in solving Texas’ transportation problem. For years, the State Highway Fund hasn’t received enough financial support to keep up with the rapidly growing Texas economy. This amendment dedicates certain revenue so that long-term transportation projects will have secure funding. About $2.5 billion from the state sales tax would be devoted to non-toll road projects, plus a varying additional amount would come from the motor vehicles sales and rental tax.
Proposition 7 doesn’t raise taxes, it appropriates already existing funds.
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.
Texas roads in need of repair cost each Texan $343 in extra repairs, fuel waste, and accelerated tire wear a year
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 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.
Proposition 7 won’t create new debt, but can be used to pay for existing debt.
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.”