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Link to article here. State Transportation Infrastructure Plan Increases $15 Billion from Record Oil and Gas Taxes
Theoretically, the Texas Legislature has a nearly $60 billion estimated surplus at its disposal in the treasury and the Economic Stabilization Fund (ESF) — though officials will neither drain the ESF nor spend the entire collective pot.
A realistic, very rough estimate for how much of the tranche will be spent is between $35 and $45 billion for all the various purposes legislators have laid out: property taxes, school funding, utility infrastructure, transportation, and more.
Gov. Greg Abbott and the Texas Department of Transportation (TxDOT)announced an update to the state’s 10-year transportation plan last week — increasing the plan’s price tag from $85 to $100 billion.
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