The new VIA smartphone app, Go VIA VIA, has a real chance at changing the landscape of transportation in San Antonio by making it easier for long-time riders and new riders to navigate the intricate maze of bus routes and schedules. (see note about new riders at bottom of post*)
The 85 mile-per-hour toll road that connects Austin with San Antonio is getting less traffic than planners hoped for.
In turn, Moody’s Investor Service lowered the credit rating of Cintra, the company that operates SH 130 toll road, by four grades. Moody’s says unless traffic increases significantly, the credit rating will continue to fall.
Sen. Robert Nichols, R-Jacksonville, said his plan uses a portion of the Rainy Day Fund without actually taking money out of the Rainy Day Fund.
"What it does is once you pass a certain threshold and as the fund approaches filling, which it got pretty close, then it would splinter part of that off for constitutionally dedicating some of that revenue stream to transportation," Nichols said.
Nichols says this will allow the Rainy Day Fund to continue to grow, but not as quickly. Sen. Tommy Williams, R-The Woodlands, helped solidify the financing portion of the plan.