AUSTIN (AP) - Texas lawmakers are considering diverting nearly $1 billion a year from the state’s cash reserves into a fund dedicated to building and maintaining roads.
Gov. Rick Perry this week added transportation funding to the agenda of the special session of the Legislature. The Senate Finance Committee laid out a plan Wednesday to send a portion of oil and gas severance taxes into a special roads fund.
That money now goes into the state’s reserve fund. Dedicating part of that money to building roads would require a constitutional amendment approved by voters statewide.
State transportation leaders say Texas needs about $4 billion more per year on roads, even after a decade-long spike in highway construction and maintenance.
The panel is expected to send the measure to the full Senate on Friday.
(© Copyright 2013 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)
Also Check Out:
- Minute Suites Debut At DFW Airport
- How I’d Bet $100 On The Belmont Stakes
- I-Team: Innocent Teen Killed As A Result Of Police Chase
- Largest Tornado On Record & What It Would Look Like
- Child Hit & Killed Near School, Driver Will Not Be Charged
MOST VIEWED GALLERIES