New Marketing Director!

Hello all! My name is Sarah Huffman and I’m the new Marketing Director for REDNews. Before I start with blog updates, Twitter posts, Facebook updates, etc I thought it’d be best to introduce myself. I recently graduated from Texas A&M University with a degree in Communications and a minor in Business Administration. I grew up in a small town located just south of Waco and this is my first experience with big city living  and already I’m probably prematurely designating myself as a Houston driving pro. I’m really excited about working with REDNews and the Houston commercial real estate community. I look forward to meeting many of you at upcoming real estate events and if you see me out, feel free to jump in front of my camera for a chance to be featured on the blog and/or REDNews website!

Ned Holmes Speaks on TXDOT at ACRP June 17, 2010

Ned Holmes with TXDOT and Jim Suttles with First American Title

Ned Holmes spoke to TXDOT future funding needs today at the monthly ACRP breakfast. Right now funding from gas tax is based on a $ amount per gallon of gas. In the case of Texas that amount is $.20 per gallon. There are no built in increases and this tax has been at the $.20 rate since the early 90's. No one in the legislature is about to approve any increases for TXDOT for fear of losing votes. Until recently the population growth has added enough to the tax base to offset fuel efficiency but that has now reversed and with mandated fuel efficiency going to 34 MPG in 2030 there will be a deficit.
One remedy is VMT which is a Vehicle Miles Travelled Fee. How this one is calculated is a big question.

Dick Klein with The Richard Klein Company and Bill McDade with McDade Smith Gould Johnston Mason + Co.