According to the Texas comptroller, sales tax collections for fiscal year 2014 were $27.4 billion. So if the measure were in place then, it would have generated $3.488 billion. The amounts are projected to increase to $3.7 billion by 2018, Pickett said.
Click here for complete article > El Paso Times
March 26, 2015
State Rep. Joe Pickett, D-El Paso, upped the ante Thursday while the Legislature looks for more funding for highways.
The chairman of the House Transportation Committee introduced two bills intended to earmark $3.5 billion a year in sales-tax revenue for transportation and to bring more transparency to the process by which the Texas Transportation Commission chooses projects to fund…
…The measure introduced by Pickett would take the first $3 billion in sales taxes that are collected each year and 2 cents of every dollar collected after that….