Displaying items by tag: EVP Report
Poised between the end of FY 2012 and the beginning of the next legislative session, I thought this would be a perfect time to review the Texas Department of Transportation letting figures over the past several years. Most of us recall that 2006 and the years preceding were excellent for highway construction in Texas. Then, in 2007, the contracts plummeted. The total statewide amount let by the commission was $2,785,000,000.
As we begin the legislative session, it is time to make sure that we have done everything possible to make sure that the legislature clearly understands the crisis facing our infrastructure. Both water and highway issues should be a top priority for everyone in Texas.
Prior to the Bush administration, Texas was a donor state, getting less money in federal reimbursements than it sent in gas tax. Since the election of George W. Bush, however, Texas has consistently received more money than it paid into the Highway Trust Fund.
I recently had a discussion with a stockbroker about the volatility of different markets and industries. The broker claimed there is nothing more volatile than the stock market, which swings widely from day to day, upwards of 500 to 600 points. There seems to be no basis for...