{"id":500,"date":"2016-05-12T23:00:00","date_gmt":"2016-05-12T23:00:00","guid":{"rendered":"https:\/\/informedintel.com\/account\/transportation\/wp-transportation\/2016\/05\/12\/comptroller-highlights-road-funding-the-intel\/"},"modified":"2016-05-12T23:00:00","modified_gmt":"2016-05-12T23:00:00","slug":"comptroller-highlights-road-funding-the-intel","status":"publish","type":"post","link":"https:\/\/informedintel.com\/account\/transportation\/wp-transportation\/comptroller-highlights-road-funding-the-intel\/","title":{"rendered":"Comptroller Highlights Road Funding. The Intel:"},"content":{"rendered":"
The May issue of Fiscal Notes from the Office of the Comptroller concerning greater transportation infrastructure by the numbers:<\/p>\n
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38% of Texas \u00a0major roads are poor or fair condition\u00a0<\/li>\n
800 million daily vehicle miles b<\/span>y 2040\n
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455 million daily vehicle miles in 2014<\/li>\n<\/ul>\n<\/li>\n
19% of Texas bridges are deemed\u00a0“structurally deficient” or “functionally obsolete” in 2015<\/span><\/li>\n
$2.5 billion of net revenue from the sales tax will be moved to the State Highway Fund beginning in Fiscal Year 2018 (Prop. 7)<\/span><\/li>\n
\u00a0$375 million in highway revenue, 1st transfer of\u00a035 percent of state motor vehicle sales tax revenue above the first $5 billion\u00a0(P<\/span>rop. 7)<\/span><\/li>\n
$60 billion the amount TXDOT says is needed for urban transportation & border trade projects<\/span><\/li>\n<\/ul>\n
The Comtroller publication highlights 4 issues in transportation funding:<\/p>\n
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population growth<\/span><\/li>\n
deteriorating infrastructure <\/span><\/li>\n
rapidly rising road construction costs<\/span><\/li>\n