Pickett: Agreement Reached on Road Funding Deal

Updated, July 27:

Lead negotiators from the House and Senate came to an agreement on a transportation funding deal Saturday afternoon, according to state Rep. Joe Pickett, D-El Paso.

If two-thirds of the membership of both chambers support the proposal this week, lawmakers will likely be able to sidestep Gov. Rick Perry's threat of a third special session. The plan would ask voters in 2014 to approve a constitutional amendment that would divert half of the oil and gas production tax revenue currently earmarked for the Rainy Day Fund into the state highway fund.

Negotiations hinged on whether the ...

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