Transportation Funding $3 B or $2.5B per year to TXDOT

TXDOT is getting closer to additional funding. The House and Senate transportation proposal both relate to sales tax and here’s the differences:

• House: $3 B of sales tax to TXDOT, the remainder to General Revenue sytarting in 2018
• House: TXDOT will get 2% of the remaining slaes tax over $3 billion. (the sales tax brings in roughly $25 billion per year)
• House plan supported by Chairman Otto according to the Dallas Morning News 
• House: a sales tax plan
• Senate: motor vehicle sales tax only
• Senate plan has the backing of Chairman Nelson
• Senate: vehicle sales tax revenue transferred to general revenue will be capped at $2.5 billion in 2018
• Senate: After $2.5 billion to GR,  $2.5 Billion will go to TXDOT for non-toll road purposes
• Senate: After this $5 billion then 50% to transportation, 30% to general revenue, and 20% to education
• TXDOT: We need $5Billion per year to maintain the status quo