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12.

Meeting Date:	10/13/2015
Resolution in Support of Constitutional Amendment for Increased State Funding
Submitted for:	Rose Magana	Submitted By:	Rose Magana
Department:	Commissioners Court

Subject:

Discussion and possible action to adopt a resolution in support of a constitutional amendment for increased state funding for transportation; and any other matters incident thereto.

Issue: The 84^th Texas Legislature passed historic legislation proposing a constitutional amendment on the November 3, 2015 state ballot affecting the state’s roads, highways, and bridges.

Solution: Adopting the resolution will dedicate certain sales and use tax revenue and motor vehicle sales, use, and rental tax revenue to the state highway fund to provide funding for non-tolled roads and the reduction of certain transportation-related debt. This resolution would also allow existing sales tax revenues to be used to repay the principal of and interest on general obligation bonds issued by the state.

Result: This additional funding will aid in maintaining the current infrastructure and will ease funding new projects without the need to add any additional fees or increase taxes.

Background:

n/a

Previous Court Action:

Fiscal Impact

Budget Account Number:	n/a
Funding Source:	n/a
Balance:	n/a
Financial Impact:
n/a

Attachments
resolution
Resolution- Funding for Transportation, Executed