The article, titled "Texas Voters OK $1.2B Transportation Funding Measure," discussed Proposition 1, which will allow some oil and gas revenue that flows into the state's economic stabilization, or "rainy day fund," to go toward state transportation infrastructure instead. Voters passed the amendment 80 percent to 20 percent.
While there has been broad support for the amendment since it was passed in the Legislature, some critics propose that raising taxes on gasoline would be a better alternative to using funds from the state's "rainy day fund." Other political observers view that issue as a nonstarter in the Legislature.
"An increase in the gas tax or an index in the gas tax was not possible in the Legislature." Mr. Janes told the publication "And this is a much better alternative to nothing."
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Mr. Janes is the chair of Transportation Advocates of Texas. In his legal practice, Mr. Janes has extensive experience in corporate governance, capital transactions and mergers and acquisitions. He has been involved in a number of international and domestic financings. He has represented investors and corporate clients in private equity and debt offerings, including the offerings of high yield debt securities and convertible and other hybrid securities. Much of Mr. Janes' practice includes cross-border and international transactions. His practice includes a wide variety of industries, including technology, media, energy and retail. Mr. Janes is also a Certified Public Accountant. He received his B.B.A. from Baylor University and his J.D. from The University of Texas School of Law.