The Houston Toll Road is a network of toll lanes on the city’s Interstate 10 that connect with other toll lanes in other cities.
Houston has been using the toll roads for years, and the city is now using them to pay its massive citywide gas tax bill.
But there’s a catch: the city has to use the money to fund the $1.4 billion project, and it needs all of it in order to keep paying its gas tax.
The city and county have said they need all of the toll revenue to make up for the city of Houston’s budget deficit.
Now, some of the money will have to be raised through taxes, but not all.
That’s because of a provision in a $2.2 billion transportation bond approved by voters last year.
Under the proposal, if the city doesn’t raise enough money from property taxes, it would have to pay $50 million to the state to make it up, according to a report from the Houston Business Journal.
In addition to the tolls, the city will also need to pay to build new bridges to make the toll lanes safer.
That is expected to be the largest expenditure in the bond, with construction estimated to cost about $700 million.
The money will be paid for with a combination of property tax revenue and a gas tax levy.
The bond also requires that the city borrow money from the state for road improvements.
That means the state will have a stake in how the toll revenues are spent, and they can’t get a big chunk of the bond without the city raising enough money.
If they don’t, the state has to take the loan back.
“There’s a lot of ways the state can be impacted by the debt,” said Michael D. Murphy, an associate professor at the University of Houston Law School.
“It could affect the quality of roads, and those kinds of things.”
The city already has a $1 billion capital budget, and that’s a pretty big chunk.
The plan that passed would require the city to borrow $2 billion from the general fund, which is a very conservative amount.
Murphy said the bond could have a larger impact on the general funds if the bond was passed.
“We’re still in the first year of the $2-billion bond, so there’s no need for the bond to go to a higher level,” Murphy said.
If the bond passes, the next big thing that could affect how the city spends its revenue is the state’s transportation bond.
The state currently spends about $2,600 a day on the tollways, but the state recently added a new $10-per-gallon tax that it’s paying on the gas tax to help pay for those roads.
“If you add in the gas taxes, that’s about $1,500 a day that’s going into the general treasury, so the overall amount of the highway debt is growing faster than we would have expected,” Murphy explained.
“And that’s where the toll road comes in.”
But, for now, the tollroad is expected pay off in the short term.
The total amount of revenue the city collects from tolls will grow from $1 million per day to $2 million per year, according a report by the Houston Tax Commission.
And the amount that will be returned to the general treasurer will increase by another $1 to $1 trillion, according the Houston Chronicle.
“The more money that the state is willing to give back to the city, the more money the city can invest in the roads,” said Murphy.
“That means more traffic, more people driving on the roads, less congestion.”
That’s a good thing for Houston, but it could also hurt the city financially.
Houston is already struggling with the rising cost of gasoline and diesel.
It’s one of the biggest gas users in the country.
It was supposed to take advantage of a federal gas tax break to help offset the costs of the roads.
Instead, it’s expected to take in $1-2 billion a year.
But the Houston Tollway has been an expensive and complicated project that has been plagued with problems.
“This is a really difficult issue to tackle, and I don’t think we’ve had any of the answers that we need,” Murphy told the Chronicle.
Houston already has some big problems with its roads, like an ongoing traffic jam that has caused problems for the airport, and a backlog of toll roads.
Houston officials have been trying to fix the problem with the new $1 per gallon tax, but there’s still a long way to go.
The City Council approved the bond proposal last month.
The vote was 4-0.
The Houston Business Council endorsed the plan in a special election, and Murphy told Business Insider that the measure passed.
He expects the measure to pass in the coming weeks.