TX Transportation Funding Options via Comptroller

Fiscal Notes gives us the run down on TXDOT’s Transportation plan 2040 highlights 5 funding problems:

• aging transportation infrastructure
• inflation is making it more costly to fix
• greater fuel efficiency means less gas tax revenue
• unreliable funding from a federal Highway Trust Fund
• gas tax revenue will peak in 2030

Texas raised its gas tax last in 1991, what have other states done?

• 31 states have raised their gas tax
• including 4 in 2019

Is there a trend in these gas tax changes? Yes, adopting a variable rate that is changed by some combination of population and economic indicators.