TAB Supports Adding Transportation Funding to Special Session Agenda
AUSTIN, TX— Funding for new transportation projects has long been a priority of the Texas Association of Business (TAB). Therefore, it should come as no surprise that TAB strongly supports the call by Senators Tommy Williams and Robert Nichols to expand the current special session issues to include new funding for transportation projects. TAB also strongly supports the constitutional amendment filed by Senators Williams and Nichols that would dedicate half of the future dollars that would go into the state’s Rainy Day Fund to transportation projects.
“Major transportation funding is one of the things that unfortunately did not happen during the regular session,” said TAB President and CEO Bill Hammond. “We must have a way to fund new roads to deal with our growing traffic problem. Without these new projects we risk our economic edge in attracting new investment, jobs and business to this state.”
The dedicating of these future dollars to transportation instead of putting that money into the Rainy Day Fund will also help reduce the need to go into further debt to pay for new roads. “This will help reduce the burden on our children and grandchildren to pay for transportation projects that we need today,” said Hammond. “If there is a way to reduce that burden and still build these projects that is something we should all get behind.”
Funding new transportation and water projects, as well as increasing budget transparency by working towards ending diversions, were TAB’s major budgetary goals for this past session.
“We applaud our state lawmakers and Governor Perry for making the investment in our water infrastructure and TAB will work hard to ensure voters are educated and understand the importance of the water issue this November when they will get a chance to vote on it,” said Hammond. “If lawmakers approve this proposed transportation constitutional amendment TAB will work equally hard to ensure that Texans understand the importance of our transportation infrastructure and how it is unequivocally tied to our economic future.”
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Founded in 1922, the Texas Association of Business is a broad-based, bipartisan organization representing more than 3,000 small and large Texas employers and 200 local chambers of commerce.