Brian Cassidy will be a panel member for the Transportation Funding session during The Bond Buyer's 15th Annual Texas Public Finance Conference on February 14-15, 2011 in Austin, Texas.
Concern is there will be no serious effort to address transportation problems in this legislative session. Funding solutions need to be sustained. TxDOT told the previous legislature that by 2012 the state will run out of money for new mobility projects. It will only be able to maintain existing roads and bridges. The TTC decided to forgo maintenance to be able to fund a few more new projects. In the past 25 years Texas’ population has increased 53% and their road usage has more than doubled, but capacity only increased 10.6%. How are projects going to be funded going forward?
Click here for more information.