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March 14, 2013

Texas voters could be asked to tap into rainy day fund for transportation

Would you support a state constitutional amendment that would allow lawmakers to tap into the rainy day fund perhaps to the tune of $1 billion to help pay for transportation projects? The Star-Telegram's man in Austin, Dave Montgomery, filed a story this morning that outlined that possibility. Lt. Gov. David Dewhurst explained the proposal after lawmakers signed off on a proposed two-year budget for Texas. Supporters of this idea like it because it would provide sorely-needed relief for the state, which is trying to build roads quick enough to keep up with incredible population growth. But the relief likely would come in the form of state infrastructure bank loans to local governments, which means it's not necessarily new dollars we're talking about here. Would Texas voters even approve this measure at the polls?

@gdickson Dewhurst

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