Texas lawmakers finally pass transportation funding bill

It’s a wrap. After over 200 days in session this year, the Texas legislature finally agreed upon a transportation funding bill that will go to the voters for approval in November 2014. The Constitutional amendment would divert half of the oil and gas severance tax that funds the state’s emergency fund, or Rainy Day Fund, to roads, giving the highway department a potential boost of $1.2 billion annually. Lawmakers readily acknowledge it’s a stop gap measure since the agency needs $4 billion more per year.