Texas legislature OKs funding for roads
Submitted by crecord2010 on
“There’s good news tonight,” a historic radio figure would say to open his news program.
Those sentiments may now apply to the news that there will be some money to fix county roads devastated by heavy oil field trucks.
In short, Texas Legislators have targeted $225 million to be shared by oil producing counties across the state for road repair.
DeWitt County Judge Daryl Fowler, a key player in the project, reports a formula has been developed that helps affected counties target state and local tax money for road repairs in amounts way beyond what could be generated on a local level.
This new revenue source and rules still needs Gov. Rick Perry’s signature before it becomes law.
Completed just 30-minutes before the Legislature adjourned at midnight on May 27, the bill addresses several revenue problems counties within the Eagle Ford Shale and other oil-fields in Texas are having.
Read more in this week's edition of the Record.
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