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Tag: Texas Rainy Day Fund
Roadbuilding
Texas lawmakers agree to tap Rainy Day Fund for transportation
Texas’ House and Senate reached an agreement on Friday to increase road and bridge funding in the state, according to a report from The News & Observer and the Associated Press. Senator Robert Nichols (R-Texas) authored the measure that would divert an estimated $848 million in oil and gas taxes from the state’s Rainy Day […]
July 29, 2013
Roadbuilding
Texas Senate, House propose differing transportation funding plans
The Texas Senate and House have radically different ideas about how to raise funds for highway spending, the Austin American-Statesman reported. The Texas Senate on Thursday passed Senate Joint Resolution 1 (SJR1), which proposes earmarking a portion of the severance taxes collected from the state’s oil and gas industry to fund transportation. The proposed constitutional […]
July 12, 2013
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