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Passage of State Proposition Increases Transportation Funding

By a vote of nearly 4 to 1, Texans voted in favor of a proposition to amend the Texas State Constitution and increase the funds available for transportation.  This latest amendment to the state constitution diverts a portion of funds that would otherwise go to the state’s Economic Stabilization Fund (also known as the Rainy Day Fund) to the State Highway Fund.  The first allocation to the State Highway Fund is expected in spring of 2015.

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