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Tag: Texas transportation funding
Roadbuilding
Texas gets $285 million TIFIA loan for I-35 expansion near Dallas
The U.S. Department of Transportation (USDOT) is providing a Transportation Infrastructure Finance and Innovation Act (TIFIA) loan for $285 million to the Texas Transportation Commission to finance expansion of portions of Interstate 35 near Dallas. The TIFIA loan program is administered by the department’s Build America Bureau, which has the purpose of streamlining credit and […]
November 11, 2016
Roadbuilding
Texas DOT’s $70 billion transportation program approved
The Texas Transportation Commission has approved the Texas Department of Transportation’s (TxDOT) 2017 Unified Transportation Program (UTP) that includes $70.19 billion in projects over a 10-year period. The 2017 UTP is more than double the previous plan that included roughly $33 billion in projects. “The Unified Transportation Program reflects TxDOT’s commitment to planning for and […]
August 29, 2016
Roadbuilding
Texas Transportation Commission approves $437 million in projects for November Prop 1 funding
The Texas Transportation Commission (TTC) has approved nine transportation projects valued at $436.84 million for the November round of Proposition 1-funding projects. The October round included three projects valued at $45 million. The TTC has now approved 131 of the planned 200 projects to be funded by Proposition 1. This round includes the following highway projects, […]
November 23, 2015
Roadbuilding
Texas voters overwhelmingly approve $2.5 billion in funding for transportation projects
Texas voters gave a resounding ‘yes’ to new transportation funding Tuesday as they passed Proposition 7 with more than 80 percent of the votes. According to the Texas Department of Transportation, the new funding from Proposition 7 will give the state more money to spend on infrastructure projects without having to enact new taxes, tolls, fees […]
November 5, 2015
Roadbuilding
Texas lawmakers cross the aisle on plan to raise the state’s road budget by $3 billion
The Texas House of Representatives Transportation chairman and his counterpart in the state’s Senate have reached a deal to inject the transportation budget with $3 billion more each year. The Dallas Morning News reports Rep. Joe Picket (D-El Paso) and Sen. Robert Nichols (R-Jacksonville) announced May 26 that they’d agreed upon a plan to fund […]
May 27, 2015
Roadbuilding
Texas approves $168 million in Proposition 1 road projects
The Texas Transportation Commission (TTC) has approved roughly $168 million for 23 Texas Department of Transportation (TxDOT) road projects as part of the state’s Proposition 1 funding program. Last year Texas voters approved Proposition 1, a program that has $1.74 billion available for transportation projects in 2015. In late March, the TTC approved nine projects […]
May 5, 2015
Roadbuilding
Texas Senate passes highway funding bill
The Texas Senate passed a highway funding bill March 4 that will dedicate a portion of motor vehicle taxes to road and bridge construction, according to a report from the Associated Press. The Senate passed the bill on a 28-2 vote roughly a week after the Transportation Committee approved it. The bill, along with a constitutional amendment, […]
March 5, 2015
Roadbuilding
Texas Senate will vote on using portion of vehicle taxes for highway funding
The Texas Senate Transportation Committee approved a bill that would dedicate a portion of motor vehicle taxes to road and bridge construction and maintenance. Senate Bill 5, one of two bills addressing the issue, will most likely come up for a vote next week, according to the state. Previously, these taxes have been used to “plug holes in […]
February 26, 2015
Roadbuilding
Texas DOT saves nearly $1 billion over next decade through historic bond deal
The Texas Department of Transportation recently announced that it had achieved the largest savings on a single bond deal in the state’s history through a $1.68 billion refinancing that priced Jan. 21. The bond issue refinanced almost all of the outstanding debt for the Central Texas Turnpike System (CTTS), first issued in 2002. The deal […]
February 9, 2015
Roadbuilding
TxDOT makes significant changes to road maintenance transfer plan
The Texas Department of Transportation (TxDOT) announced this week that it has decided to make changes to its proposal that would have transfered maintenance of nearly 1,900 miles of state highways to 59 cities. According to WacoTrib.com, the agency is making the controversial turnback program voluntary. It plans to offer financial incentives to cities that […]
August 30, 2013
Roadbuilding
Texas lawmakers pass transportation funding bill
The Texas Legislature ended its third special session Monday night when it passed a measure to fund state transportation projects, according to a report from CBS Dallas. During the special session, lawmakers approved a constitutional amendment that would increase transportation spending by about $1.2 billion each year and provide the funds by diverting a portion […]
August 6, 2013
Roadbuilding
Texas House continues transportation funding talks
The Texas House is meeting today for a third special session, where lawmakers will continue to discuss state transportation funding, according to a report from My San Antonio. During the special session, representatives will vote on a proposal to use a portion of the severance taxes collected from the state’s oil and gas industry to […]
August 5, 2013
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