Funding Transportation in North Texas |
||||||
Congestion and transportation demands are increasing. However, the region is expected to receive less funding for transportation in 2030 than today. Increasing population and vehicle turnover to increasingly fuel-efficient models impact transportation funding. Residents contribute to transportation funding at the fuel pump. There is a 20-cent state gasoline tax and 18.4-cent federal gasoline tax collected, but not all of this revenue makes it's way back to North Texas. At the state level, diversions to non-transportation uses cut into funds. At the federal level, a portion of funds are sent to other states. While demand and costs increase, traditional transportation funding has remained unchanged. Therefore, transportation officials and local elected officials have pursued local and innovative financing to meet transportation and related air quality needs for the region now and into the future. |
||||||
More Funding Information |