TX Road Funding Trend: Lower Revenues. 3 Points to Know Now.

• Lower oil prices have resulted in less revenue for transportation.
• In FY16 Texas severance taxes led to $1.1 billion in transportation funding
  • FY 17 is estimated to be $594 million
  • FY 18 is estimated to be $740 million
• As for other deposits into the State Highway Fund
  • Sales and use a $2.5B deposit is estimated in 2018
  • Motor vehicle sales and rental taxes is estimated to be $375 million transfer in 2020

Texas Tribune | Falling Oil Prices Leading to Drop in Texas Road Funding