6 Points from The Transportation Funding Deal

• Projected $3 Billion boost in funding, possibly more
• Funding will shift to  construction and maintenance of toll-free roads
• Will require voter approval in November 2016
• Funding will rely on general sales tax and the motor vehicle sales tax
• The funding mechanism: “starting in 2018, TxDOT would get up to an additional $2.5 billion a year in general sales tax revenue once that pot reached $28 billion a year”
• “Starting in 2020, the highway fund would also get 35 percent of motor vehicle sales tax revenue over $5 billion a year. Pickett estimated that cut would produce more than $250 million a year at first and then be in a position to grow.”

Dallas Morning News  Texas Tribune