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This resolution does not add any additional taxes, and it specifically dedicates revenue to the state highway fund, rather than being designated as general revenue. This legislation would help to bridge a potentially significant financing gap in funding for Texas highways. While it makes sense to dedicate state transportation-related tax revenue to transportation infrastructure funding, this bill would also grow government by removing transportation funding from General Revenue and putting it into a dedicated fund, effectively raising the spending cap. One way to address this would be to amend the legislation to require that the money that gets diverted from general revenue to the state highway fund count against the current spending cap.
We support using transportation revenues to fund transportation infrastructure, however, our support of that aspect of the bill is mitigated by our concern about growing government by raising the spending cap. Therefore we are neutral on this legislation.
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