From statesman.com March 12, 2008...
Go borrow some money and build some things, legislative leaders told the Texas Department of Transportation in a letter Tuesday.
The short letter — signed by Lt. Gov. David Dewhurst, House Speaker Tom Craddick, Senate Finance Chairman Steve Ogden and House Appropriations Chairman Warren Chisum — recommends that TxDOT borrow another $1.5 billion against future gas tax revenue to bridge a temporary financial tight spot. The Legislature, the letter promises, will make sure that some of the gas tax money now diverted to other, nonhighway-construction needs will be returned to the agency to back the bonds.
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Sunday, March 16, 2008
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