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Lawmakers reach deal on transportation funding

Associated Press

AUSTIN, Texas (AP) - Texas lawmakers have reached a deal to increase funding for roads and bridges - if voters approve a constitutional amendment in November.

Lt. Gov. David Dewhurst said negotiators from the House and Senate hammered out the agreement Friday and the Senate was set to approve it. He said he would release details later when the final draft was finished.

Legislators agreed to a proposed constitutional amendment that would divert money away from the state's Rainy Day Fund. The measure would boost transportation funding by at least $800 million.

An official close to the negotiations said the governor, lieutenant governor and speaker would have authority to set a minimum Rainy Day Fund balance and undergo a study to determine what that should be.

The House is scheduled to meet again Monday.

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