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 84th 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.