Gov. Perry insisted that MARKET VALUATION be inserted into Texas Senate Bill 792. This is a long bill. They did not open this bill to public testimony. They rushed it through the Senate, suspending the rules so that they could take all three reading in one day and vote it out of the Senate untouched. It became known as Perry's compromise transportation bill and was seen as the last chance to get the 2 year moratorium on toll roads passed and signed into law by the Governor.Read more
Fortunately on the floor of the Texas House there were a few people with more spine than the lap dogs in the Senate who red stamped Perry’s dictates. Some DFW area reps argued against application of Market Valuation on SH 161. They didn't touch the real problem but only complained that it might slow down the projects. The big problem in that adding market valuation turns all toll projects into CDAs requiring rates high enough to generate billions of dollars of surplus toll revenue to be paid as concession payments to the RTCs and TxDOT!
Wednesday, May 23, 2007
TX - Action Alert - Tic Tic Tic the Clock is tickin' - TTC bomb buried in legislation
by Faith Chatham - Daily Kos and Texas Kaos -Wed May 23, 2007
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