Displaying items by tag: EVP Report

The level of activity with regard to passage of our constitutional amendment to increase our highway funding by 1.4 billion dollars is incredible.

Late in 2013, Executive Director Phil Wilson announced his resignation from the Texas Department of Transportation. Phil intends to take a job as Executive Director of the Lower Colorado River Authority.

“Aconstitutional amendment to provide for the transfer of certain general revenue to the economic stabilization fund, and to the state highway fund, and for the dedication of the revenue dedicated to the state highway fund”

I am writing this month’s article in hopes of being able to review the TxDOT financial situation for the next several years. When we finished the regular session we were aware of the increase in appropriation received by TxDOT and at the same time we were aware of the additional $1.4 billion that was needed to service the debt on the bonds that have kept us in business for the last 6 or so years.