MORE PERRY BONDS FOR OUR GRANDKID TO PAY FOR

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The Texas Parks and Wildlife Department has numerous projects in the works this year to rejuvenate the aging park system with the help of $44 million in bonds approved by voters in 2007. Repairs and renovations are planned for state park cabins, restrooms, electrical and water systems and other infrastructure.:banghead: :evilfrown:
>>>>>>>>

TPWD expects the park projects to be completed by the end of next summer. Meanwhile, plans are being made for other repairs to fish hatcheries, wildlife management areas and other facilities.

Those projects could begin late this year and are funded by $38 million in additional bonds.:banghead: :evilfrown:


http://www.dallasnews.com/sharedcontent/dws/fea/travel/thisweek/stories/DN-regstateparks_0718tra.ART.State.Edition1.29e51c3.html



Where is all the parks fees, license, and 125million in pittman robert money going.:banghead: :evilfrown:

I quess if Perry were to try and seceed he would have to go bond it.:argh: :banghead: :evilfrown:

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1. More TXDOT bonds for GKs to pay- $6 billion highway program

NEW YORK (Dow Jones)--The Texas Transportation Commission sold nearly $1.5 billion in Build America Bonds in two tranches Monday, the largest sale of those taxable municipal bonds in more than a month.

Thanks in part to a top-notch triple-A rating from two major credit ratings firms, the deal received a warm reception, with the longest maturity in the deal selling for 115 basis points over a comparable Treasury bond, 10 to 15 basis points less than the issuer's initial estimate.

The debt offering is the sixth installment of Texas' $6 billion highway program and the fifth sale of bonds secured ...





http://online.wsj.com/article/BT-CO-20100726-714034.html

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2. Help please

Am I looking at this in the wrong way. Have we always had to do this much bonding for projects. Seems lately everything is bonded? I am Not against progress. WS must love Perry's Spend Away the Debt plan.

Why are we having to bond our road construction and not building within current budget. Fiscal conservatives NOT. I am sure these project are not included in the deficit $ #s:nopity:

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3. I'm not an expert in road financing so I'm not sure how to take this

It's not that I'm not interested. I just don't know the background of how these projects are done. Have roads always been paid for in the budgets historically, or through bonds?

This might be a good question for the groups that gathered to oppose the Trans Texas Corridor (TTC).

OffTheKuff had a good post on TXDOT's budget shell game in general. It's obvious that the Dept. is hiding some problems internally.

Off The Kuff 5/9/10
TxDOT’s shell game


State Sens. Jeff Wentworth and Wendy Davis, and State Rep. Ruth Jones McClendon show in this op-ed how TxDOT is trying to move money that the Lege specifically designated for rail to roads.

Transportation advocates won a hard-fought victory during the 2009 legislative session by securing $182 million in financing for the Texas Railroad Relocation and Improvement Fund, created by the voters through a constitutional amendment passed in 2005 but never funded. Sadly, the state’s transportation bureaucracy at the Texas Department of Transportation is using a budgetary shell game to thwart the will of the Legislature and steal this victory from the public.

"This is wrong," as Chairman John Carona told the Senate Transportation and Homeland Security Committee last fall. "It smacks of trickery."

Off The Kuff 5/28/10
The TxDOT audit
May 28th, 2010
by Charles Kuffner.

I’m sure you will be surprised to learn that TxDOT has a lot of issues.

The Texas Department of Transportation should significantly alter its leadership structure, reshuffle its executive ranks and reduce the role engineers play in leading the sprawling agency.

That’s according to a new — and at 628 pages, exhaustive — audit of its management and structure by the accounting firm Grant Thornton. The audit, available in full here, was released Wednesday by the department after the accounting firm revealed its findings.

I am still working through the details, and there are a lot of them. But key recommendations from the audit focus strongly on the nature of the leadership of the department, which has been under fire in Austin and elsewhere for years, often because of resentment by lawmakers and others that see it as a tool of Gov. Rick Perry’s campaign to add toll roads throughout Texas.

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