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RE 2014-0513.2 RESOLUTION NO. 2014-0513.2 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF COPPELL, TEXAS, IN SUPPORT OF A CONSTITUTIONAL AMENDMENT FOR INCREASED STATE FUNDING FOR TRANSPORTATION. rd WHEREAS, the 83Texas Legislature passed historic legislation proposing a constitutional amendment on the November 4, 2014 state ballot affecting the state’s roads, highways, and bridges; and WHEREAS, this is “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”; and WHEREAS, this proposal will allow revenue transferred to the state highway fund to be used only for developing public roadways, other than toll roads; and WHEREAS, this wouldrequire that any funds transferred to the state highway fund be allocated by the Texas Department of Transportation consistent with existing formulas to ensure the entire state benefits from this additional funding; and WHEREAS, the proposed amendment will aid in maintaining the current infrastructure and will ease congestion by funding new projects for added capacity without any new or increased taxes or fees; and WHEREAS, a strong transportation system is fundamental to Texas’ quality of life and economic vitality, attracting new businesses and generating new jobs; and WHEREAS, state transportation funding over the past several years has been supplemented by bond programs and those bond programs are now exhausted and have resulted in a significant level of debt for Texas; and WHEREAS, the current state budget includes approximately $5 billion per year in construction funding and will, based on current revenue projections, drop to only $2.5 billion in available funds for construction for the next biennium; and WHEREAS, according to the latest report of the 2030 Commission, approximately $6.1 billion per year in construction funding is needed to achieve “worst possible” conditions and $9.5 billion per year is needed to achieve “minimally competitive” conditions; and WHEREAS, the proposed amendment would result in an estimated $1.4 billion per year for ; the state highway fundand WHEREAS, while the proposed amendment would not fully fund the state’s overall transportation needs, it would be a key step toward securing critical funding for transportation projects in Texas; now NOW,THEREFORE,BE IT RESOLVED THAT THE CITY COUNCIL OF THE CITY OF COPPELL,TEXAS,supports the proposed amendment to address Texas' transportation infrastructure needs on the November 4, 2014 ballot. DULY PASSED by the City Council of the city of Coppell, Texas, this the 13th day of May,2014. APP'• •VED: / 1 /I //&4. /#�,/' . T REN S LBO HU AYOR ATTEST: / -, / AO RISTEL PETT •S, CITY SECR• ARY APPROVE I • TO FORM: X /% /// ROBERT E. HAGER, y ATTORNEY