Texas needs to consider new ways to fund its highways | Opinion
Construction workers along State Highway 161 in Grand Prairie in 2019. Brianne Glover of the Texas A&M Transportation Institute says it's time to diversity highway funding.Amid all the news of record-breaking inflation, it’s hard to think of anything that doesn’t cost more than it did a year ago — much less 30 years ago. To find one example, though, just think of your vehicle’s fuel.
The tax isn’t tied to the price of oil, either; that 20-cent levy stays the same no matter how much a barrel of crude may cost. Consider, however, these factors: Inflation has eroded the value of that source to a point where it pays for less than half of what it paid for in 1991. And the prices for things that go into our highways — concrete, steel, etc. — have gone up even more than many other common expenses.
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