1-1 By: Cain S.C.R. No. 91
1-2 (In the Senate - Filed March 13, 1995; March 16, 1995, read
1-3 first time and referred to Committee on State Affairs; May 8, 1995,
1-4 reported favorably by the following vote: Yeas 12, Nays 0;
1-5 May 8, 1995, sent to printer.)
1-6 SENATE CONCURRENT RESOLUTION
1-7 WHEREAS, The Highway Trust Fund, the Aviation Trust Fund, the
1-8 Inland Waterways Trust Fund, and the Harbor Maintenance Trust Fund
1-9 are wholly user-financed and do not contribute one dime to the
1-10 federal deficit; and
1-11 WHEREAS, Currently a $33 billion cash balance ($18.5 billion
1-12 unobligated balance) is languishing in these trust fund accounts as
1-13 an accounting measure designed to mask the actual size of the
1-14 federal deficit and federal spending in other areas; and
1-15 WHEREAS, Every time a motorist puts gas in the tank or a
1-16 traveler buys an airline ticket, user fees are paid into the
1-17 highway and aviation trust funds; congress imposed these fees and
1-18 other taxes with the assurance to the American public that they
1-19 would be spent on infrastructure improvements; and
1-20 WHEREAS, Economists agree that investment in infrastructure
1-21 helps productivity, creates jobs, and is essential for economic
1-22 growth; infrastructure spending is the one area that has widespread
1-23 public support and actually provides a return on taxpayer
1-24 investment; and
1-25 WHEREAS, By combining these trust funds with the federal
1-26 General Fund Budget, these trust fund balances have accrued at the
1-27 expense of billions of dollars in productivity and safety; and
1-28 WHEREAS, H.R. 842, the "Truth in Budgeting Act," will remove
1-29 these trust funds from the General Fund Budget and in doing so will
1-30 restore integrity to the trust funds which are user-financed,
1-31 self-supporting, and directed at specific needs and will also
1-32 restore integrity to the General Fund Budget whose real deficits
1-33 are currently masked by these trust funds; now, therefore, be it
1-34 RESOLVED, That the 74th Legislature of the State of Texas
1-35 hereby urge congress to enact H.R. 842, the "Truth in Budgeting
1-36 Act," to take the transportation trust funds out of the General
1-37 Fund Budget; and, be it further
1-38 RESOLVED, That the Texas Secretary of State forward official
1-39 copies of this resolution to the President of the United States, to
1-40 the speaker of the house of representatives and president of the
1-41 senate of the United States Congress, and to all members of the
1-42 Texas delegation to the congress with the request that it be
1-43 officially entered in the Congressional Record as a memorial to the
1-44 Congress of the United States of America.
1-45 * * * * *