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The majority of the news in this issue clearly focuses on recent actions at the State Capitol. There is mounting support from both house and senate members for passage of a new water plan. Statements have been made from both sides of the rotunda that to pass a fifty-year water plan and not fund it would be totally irresponsible.

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.

Wednesday, 31 August 2011 20:00

ON MARKET VOLATILITY

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...

Tuesday, 02 October 2012 13:58

On TxDOT 's Personnel Volatility

In the September/October issue, the title of my article was “Market Volatility.” In light of that and all the changes taking place over at the Greer Building, I think it only fair that this month I speak to you on “Personnel Volatility.”

Friday, 27 January 2012 11:43

Financing our way out of Gridlock

The first state gasoline tax was imposed in 1923. It was for one cent, and 25 percent went to the school fund. In 1929 it went to five cents. With the Interstate Act, 1956, it was three cents, and then increased to four cents in...

When the legislature passed the General Appropriations Act during the last session, they included a provision under Rider 42, requiring TxDOT to use $300 million of the Proposition 12 bond proceeds...

At the March 14, 2012 convention of the Associated General Contractors of America it was announced that the AGC of Texas had been awarded the Chapter of the Year for 2011. At the same time Past President Bob Lanham...

The month of June 2012 will go down in history as a major transportation month. For the first time in years, the United States Congress and the President of the United States have agreed on a twenty-seven month extension of our federal-aid program...

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