Today is Tuesday, 19th November 2024

TX: Slide in Gas Tax Revenues Hits Roads

A genuine policy conundrum that doesn’t apply to just gas taxes.  Policy and political leaders at all levels of government must find creative and innovative ways to solve the major issues facing states.  Relying on the simple to solve the complex just won’t work. From Statesman.com:

“You have a trend line that is very disturbing,” said Ned Holmes, a Texas Transportation Commission member from Houston. “There is no way we can fund the needs we have with this formula.”

That formula, as Holmes and a half-dozen state senators described it in a Wednesday morning news conference, is the combination of a gas tax frozen at its current rate for 18 years, diversions of gas tax revenue to other state needs and an increasing debt load.

Also contributing to the slump is the fact that Americans have begun to drive less, according to Federal Highway Administration statistics based on surveys of thousands of locations.

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