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You are here: Home / Archives for proposition 1

proposition 1

Texas Approves More Than $2 Billion in Roadworks

February 28, 2015 by khproperties Leave a Comment

Texas Roadworks

Texas roadworks will see a significant increase in the coming year, as the Texas Transportation Commission approved 201 road projects worth more than $2 billion in the state. As early as March, TxDOT (Texas Department of Transportation) will begin awarding construction projects to contractors. The $2 billion comes largely in part thanks to Proposition 1, which gave the state $1.74 billion to spend on Texas roadworks.

Some of the projects include more than 800 miles of rehabilitated highways, 500 miles of new highway lanes, replacement of 64 bridges, and 18 lane widening projects that will result in 159 miles of passing lanes in rural areas. The energy boom in Texas will receive benefits totalling around 30% of Proposition 1 funding, with roadworks planned to improve, repair, or rehabilitate areas affected by increased traffic (particularly heavy truck traffic) in areas where the energy sector has taken off in recent years.

image courtesy of rutlo

Filed Under: Miscellaneous Tagged With: texas, proposition 1, roadworks

Distribution of Proposition 1 Funds Announced

December 19, 2014 by khproperties Leave a Comment

Texas Highways

Since the passage of Proposition 1 in Texas in November of 2014, legislators have been discussing what to do with the $1.7 billion in funds. Proposition 1, which passed with 79.79% of the vote, moves money from the Economic Stabilization Fund (also know as the Rainy Day Fund) from oil and gas taxes into the State Highway Fund. In the first year, that amount is expected to be $1.7 billion and the funds are now set to be spent improving Texas’ roadways. Both the Legislative Budget Board and the Governor’s Office have now approved a plan to distribute the money from Proposition 1 as follows:

  • 40% to go to metropolitan planning organizations (about $700 million)
  • 30% to go to TxDOT districts to improve connectivity (about $552 million)
  • 15% to go to TxDOT districts for maintenance (about $261 million)
  • 15% to go to addressing road issues in areas where oil and gas exploration is increasing traffic (about $261 million)

image courtesy of Charles Henry

Filed Under: Miscellaneous Tagged With: texas, oil and gas, proposition 1, state highway fund

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