Statewide Approaches
Private Activity Bonds
Introduction How Will This Help? Encourages private investment in transportation infrastructure. Since PABs are exempt from taxes, they are more attractive than other privately available bonds. Including the private sector in transportation investments reduces and distributes risk. Reduces the need for public funds. Increasing private investment funds in infrastructure projects frees up public funds for […]
Pass-Through Financing
Introduction How Will This Help? Reduces upfront costs for the public agency. Pass-through financing allows a partner to pay the initial costs of the project and be reimbursed by the agency. Is not affected by increased fuel efficiency. Fuel tax revenues will likely decrease over time. The expected growth in future population means more people […]
State Sales Tax on Motor Fuel
Introduction How Will This Help? Provides additional funds for transportation. Increasing the statewide sales tax rate would provide funds to reduce traffic congestion and help maintain the safety and quality of Texas roads and bridges. Helps keep up with rising highway construction costs. Since 1991, roadway construction costs have almost doubled. Increasing the statewide sales […]
Carbon Tax
Public-Private Partnerships
Introduction How Will This Help? Reduces cost to the public. A P3 allows public agencies to share costs with the private sector. Reducing the required capital for any single projects allows the dedicated transportation dollars to be stretched for more projects. Help funds keep pace with rising highway construction costs. Since 1991, roadway construction costs […]