March 18, 2020      5:30 PM

Fearing a recession, Texas House and Senate Transportation Chairmen ask TxDOT to hit pause on the Unified Transportation Plan

"...there is immense volatility in the global financial markets, a near collapse in the oil market, and a threat of a potential recession"

Editor’s note: The full letter from Chairmen Nichols and Canales can be downloaded by subscribers at the end of this story – SB

With crude oil trading just over $20 this afternoon, the chairmen of the Texas Senate and Texas House Transportation Committees are now asking the head of the Transportation Commission, Bruce Bugg, to hit pause on any revisions to the state’s Unified Transportation Plan including the proposed makeover of I-35 in Austin.

Given the current economic environment, they did not mince words about the need to postpone any road funding decisions.

By Scott Braddock

Copyright March 18, 2020, Harvey Kronberg, www.quorumreport.com, All rights are reserved