The American Society of Civil Engineers says the US needs massive investments in all essential infrastructure, from bridges and airports to dams and railways. According to the society’s most recent infrastructure report card , the US earns a D+ for its infrastructure. It is, in a word, a mess. This is about much more than … Read more
Steve Kroft reports on why our roads, bridges, airports and rail are outdated and need to be fixed. Click here to watch!
Texas voters overwhelming approved a transportation-related amendment to the state Constitution Tuesday, reflecting widespread support for highway funding. “Texans want and deserve a safe, first class highway system. Voters have made an investment in our state’s economic future by supporting this proposal, and we must carry this momentum forward into the next legislative session. I … Read more
Texans overwhelmingly agreed today to steer billions in existing tax revenues to the state transportation department, which estimated it faced a $5 billion annual shortfall. Landslide approval of Proposition 1 allows lawmakers to send some oil and gas production tax revenues currently headed for a swelling savings account instead to the Texas Department of Transportation. The constitutional … Read more
Taxes from the oil and gas industry will be a new source of revenue for cash-strapped Texas roads after voters overwhelmingly approved Proposition 1 Tuesday night. The measure passed with 80 percent of the vote with 46 percent of the state’s precincts reporting. The constitutional amendment takes a portion of the severance tax paid by … Read more