December 06, 2006

An Aggie says something right?

Burka is reporting that during a recent meeting of the Study Commission on Transportation Financing, a transportation expert from Texas A&M said that it's 'not necessary to finance transportation with tolls'.

Crazy Aggie says WHAT? This is the second time this year I've heard an Aggie make sense. The other time? When Hank Gilbert was speaking.

I was thinking you'd have to increase the tax by 10 cents a gallon, however, Mr. Aggie Professor says I'm wrong. So, I'm going to listen to him:

Don't raise the gasoline tax at all. Instead, index it and put the incremental revenue in the mobility fund, where it can be used to pay off bonds. And here's the bombshell: "Under this scenario," Ellis said, " it wouldn't be necessary to toll as a means of financing, although that's certainly an option."

The index David Ellis is referring to is one based on costs for highway construction which inflates at .5% to 1.5% per year. You'd have to combine this with a bond sale (like THAT would be a problem) but it would give us the revenue we need to rebuild the infrastructure in Texas, expand employment and grow our economy at a super fast rate.

All that without some super inflated toll to support private contractors. So much for that excuse from Krusee that tolls were the only way to finance roads. Now, the only question is whether or not the Lege will force TXDoT to go along with the dumb Republican toll road plan, or will the newly elected Democrats and independent Republicans force CradDICK and Krusee to back down?

Posted by mcblogger at December 6, 2006 01:53 AM

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We've talked a lot about transportation here with an emphasis on tolling and infrastructure privatization. Many of you around Texas and the nation have been able to follow what's going on in our corner of the world, even if you've... [Read More]

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