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R-2015-152 2015-09-14RESOLUTION NO. R2015-152 A Resolution of the City Council of the City of Pearland, Texas, supporting Proposition 7, a constitutional amendment for increased state funding for transportation. WHEREAS, the 84th Texas Legislature passed legislation proposing a constitutional amendment on the November 3. 2015 state ballot affecting the state's non -tolled roads; and WHEREAS, this is "A constitutional amendment dedicating certain sales and use tax revenue and motor vehicle sales, use and rental tax revenue to the state highway fund to provide funding for nontolled roads and the reduction of certain transportation - related debt"; and WHEREAS, this proposal will allow revenue transferred to the state highway fund to be used only for construction, maintenance, and acquiring right of ways for public roads or to repay the principal and interest on general obligation bonds issued by TxDOT; and WHEREAS, this would require 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 Texasquality of life and economic vitality, attracting new businesses and generating new jobs: and WHEREAS, Proposition 1, passed in 2014 was a milestone accomplishment for Transportation Funding. additional sources of revenue are needed to continue to fund the State Transportation Budget: and RESOLUTION NO. R2015-152 WHEREAS, the proposed amendment would result in an estimated $2.5 billion in 2018 and 2019 and approximately $3 billion in 2020 for the state highway fund; and WHEREAS, while the proposed amendment would not fully fund the state's overall transportation needs, it would be a key step toward continuing critical funding for transportation projects in Texas; WHEREAS, the City of Pearland participates in transportation projects by providing matching funds to Federal and State transportation funds to accomplish local regionally significant projects and this proposal will provide additional funding for state projects freeing other funding sources for City of Pearland projects; BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PEARLAND, TEXAS: Section 1. That the City Council supports passage of the proposed Constitutional Amendment on the November 3, 2015, ballot (known as Proposition 7) to address Texas' transportation infrastructure needs. PASSED, APPROVED and ADOPTED this the 14th day of September, A.D., 2015. ATTEST: APPROVED AS TO FORM: 6if DARRIN M. COKER CITY ATTORNEY P,e TOM REID MAYOR 0\111111,,,, RL!�O�'% =U: