Texas and other states across the nation face serious transportation challenges, including the precarious state of the Federal Highway Trust Fund, long-term structural changes to the costs of highway construction materials, the revenue effects of increasing fuel efficiency and an aging highway network.
In response, the Texas Legislature since 2001 has provided several valuable tools that have allowed TxDOT to accelerate projects and provide stability in project planning. Issuing debt has accelerated the construction of billions of dollars’ worth of highway improvements.
As directed by the Texas Legislature and in compliance with federal rules associated with tax-exempt debt, the transportation projects funded with bond proceeds are long-term capital improvements. The positive economic effects, enhanced safety and greater mobility resulting from these projects will be enjoyed by taxpayers for generations to come.
More information on TxDOT’s debt financing programs can be found on our Investor Relations site along with reports and policies.