Fresh from what he described as grueling sessions in Austin, Estes addressed the local Republican women's group Tuesday at the Graham Country Club — less than 24 hours after the bill was passed.
Estes was thrilled that both houses in the Texas legislature voted for passage. The Texas Transportation Fund had maxed out its ability to borrow in order to make up the difference between the money the state would have on hand to pay for projects and the total amount budgeted for the agency.
Estes said that no other state in the U.S.
has that much money in contingency funds similar to Texas Rainy Day Fund. (For more, read the Aug. 11, 2013 edition of The Graham Leader)