Texas Election-Road Referendum

Posted on:

View the original post here.

AUSTIN — Voters have approved a ballot referendum taking billions of dollars from Texas’ Rainy Day Fund for roads and transportation infrastructure projects.

Tuesday’s passage of Proposition 1 creates a constitutional amendment that diverts half the funds that flow into state cash reserves and instead sends them to a highway fund.

Booming oil and gas industries have bolstered the Rainy Day Fund, now worth about $9 billion.

The amendment means up to $1.7 billion for roads the first year. Its value will fluctuate later depending on oil and gas revenues.

Transportation officials have suggested that because of the state’s growing population, at least $4 billion in annual spending will be required to maintain current traffic levels on Texas roads.

Supporters say the measure is a good start.

View the original post here.

Our goal is to educate Texans across the state about the importance of taking care of our state's road and water infrastructure in order to foster safer communities, promote job creation and stimulate economic growth.

Learn More