Texas Senate Bill SJR1

Texas 2013 - 83rd 3rd C.S.

Caption

Proposing a constitutional amendment to provide for the transfer of certain general revenue to the economic stabilization fund and to the state highway fund and for the dedication of the revenue transferred to the state highway fund.

Impact

The implementation of SJR1 would lead to significant changes in how state revenue is allocated, particularly in relation to transportation funding. If passed, it facilitates a more structured approach to ensure that highway construction and maintenance receive a reliable source of funding, thereby potentially enhancing the state’s infrastructure. This measure is especially pertinent as it aligns with Texas's growing needs for robust transportation systems in light of population and economic growth.

Summary

SJR1 proposes a constitutional amendment aimed at the systematic transfer of certain general revenue to both the economic stabilization fund and the state highway fund. The proposal outlines a mechanism whereby on the 90th day of each fiscal year, the comptroller shall allocate funds from the general revenue to these two funds based on prescribed calculations. The amendment additionally allows for adjustments in future allocations to ensure the economic stabilization fund is appropriately funded while apportioned amounts for the state highway fund are earmarked strictly for non-toll road projects.

Contention

Despite the apparent benefits, there has been notable contention surrounding SJR1. Critics raise concerns about the reliance on fluctuating oil and gas production taxes as a revenue source. This reliance could create volatility in funding for critical infrastructure projects, depending on the state of the oil market. Additionally, there are worries that the amendment may limit legislative flexibility in budgeting and funding allocation for other urgent areas of state need during economic downturns.

Voting_history

SJR1 has a recorded voting history, having passed the third reading in the House with a vote of 106 in favor and 20 against. This demonstrates substantial bipartisan support, indicating its perceived importance among legislators as a critical tool for ensuring ongoing infrastructure funding in Texas.