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Newspaper
Junction Eagle
Location
Junction, Texas, United States of America
Date
Nov 24, 1938
Page
2
Counties say the state should assume up to 200000.00 in road project costs and interest totaling 22 million over 20 years. The proposal argues facades of state support for road work and financing, blunting local debt burdens.
The proposal originates with unofficials from several Texas counties facing budget problems. Dallas county officials, active in the program, have overspent their general fund by 600000 dollars. They claim they could absorb the deficit and still have funds to provide jobs and relief grants to voters if debt were alleviated.
Critics doubt local taxpayers would see relief if a large highway bond issue were issued. Officials fear bond servicing could consume revenues from gas, gasoline substitutes, or future developments, hindering road development. Texans ưu historically funded roads cash wise and oppose large state bonds, while O Daniel promotes RFC loans to Texas firms. A Friday hearing in Austin saw limited protests and implied continuation of proration amidst anticipated personnel changes at the Railroad Commission.
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