The ongoing coronavirus pandemic has created money uncertainty at the state, county and local ranges due to revenue tax earnings declining and other cash that assistance community transportation assignments dwindling. (Laura Aebi/Group Effects Newspaper)
Owing to oil and fuel and revenue tax earnings plummeting, condition legislators will be facing an approximated $4.58 billion price range shortfall when they convene for the 87th Texas legislative session Jan. 12.
State officials stated it is unclear how transportation initiatives throughout the condition, which are now squeezed for income, will be funded in the future few decades.
“The pandemic has actually damage all of the key resources for transportation income,” mentioned Aaron Cox, vice president of the advocacy team Texas Association of Business