You're reading...
Government, Information, News, State / Federal

Prop 7: Texas Sales and Use Tax Revenue for Transportation Amendment

Proposition 7, the Texas Sales and Use Tax Revenue for Transportation Amendment is on the November 3, 2015 ballot in Texas as a legislatively referred constitutional amendment. The measure, upon voter approval, would provide additional funding for the State Highway Fund.

The Houston-Galveston Area Council (H-GAC) estimates it will bring in an additional $500M to the region for 2015-2018 TIP cycle (see estimated funding chart on page 2 here.). The funds will primarily be used to “construct and maintain non-tolled roadways, purchase rights-of-way and make payments on general obligation bonds issued by the Texas Transportation Commission.”

Additional information HERE.

Discussion

No comments yet.

Leave a Comment