The 88th General Assembly
has convened the 2012 fiscal session

Friday, February 8, 2008

Texas Roadkill: $1.1 billion error

The Texas Department of Transportation has admitted to a massive accounting error. The agency double-counted $1.1 billion in revenue, causing the state to overcommit to new road projects last year and leading to serious cash problems. Department officials say the mistake was inadvertent, but some lawmakers are suggesting that the problem conveniently arose as a political ploy for privatizing the Texas highway system. Here's the Austin American-Statesman article.