Comptroller Highlights Road Funding. The Intel:

The May issue of Fiscal Notes from the Office of the Comptroller concerning greater transportation infrastructure by the numbers:

  • 38% of Texas  major roads are poor or fair condition 
  • 800 million daily vehicle miles by 2040
    • 455 million daily vehicle miles in 2014
  • 19% of Texas bridges are deemed “structurally deficient” or “functionally obsolete” in 2015
  • $2.5 billion of net revenue from the sales tax will be moved to the State Highway Fund beginning in Fiscal Year 2018 (Prop. 7)
  •  $375 million in highway revenue, 1st transfer of 35 percent of state motor vehicle sales tax revenue above the first $5 billion (Prop. 7)
  • $60 billion the amount TXDOT says is needed for urban transportation & border trade projects

The Comtroller publication highlights 4 issues in transportation funding:

  • population growth
  • deteriorating infrastructure
  • rapidly rising road construction costs
  • mobility supports commerce & industry
     

Fiscal Notes | Texas Road Finance (Part I) | May 2016