North Central Texas Council of Governments Assistant Director of Transportation Dan Kessler delivered some grave news to leaders at the Northeast Tarrant County Transportation Summit: “Mobility for the 21st Century,” telling attendees that Texas is in a funding crisis.
He says construction costs rose 50% from 2002 to 2007, and Texas is annually diverting $1 billion of state transportation revenue to non-transportation purposes. To prevent more congestion, costs are estimated at an $487-billion investment with only $155 billion budgeted, meaning the state is looking at a $332 billion deficit, he tells Texas Construction.