How the Republican Caucus is talking about transporation funding from the 2015 Legislature:
“SJR 5 is a bipartisan resolution that transfer up to $2.5 billion annually of general sales tax revenue to the State Highway Fund, beginning in 2018. Given conservative estimates, this measure could increase transportation funding by $3 billion annually beginning in 2020.
“SJR 5 would allocate more funding for much-needed transportation projects without raising taxes or fees,” said Simmons. “By capturing existing revenue, we can enhance our state’s transportation infrastructure without placing additional burdens on taxpayers.”
The proposed constitutional amendment also includes measures that allow for flexibility to the transfer should there be a downturn in the economy and collections. If collections for a fiscal year are below $28 billion, then no money will be transferred from the general sales tax collections to the State Highway Fund.” Rep. Ron Simmons