DALLAS - A top state highway official said yesterday that a Texas Turnpike Authority plan to sell all three of its projects and refocus its mission could signal a greater role for revenue bond financing in state highway planning.

"I've never really favored the use of debt for highways," said Ray Stoker, a turnpike board member and chairman of the Texas Highway Commission, who sees bond financing as a drain on future resources. "But I think there could be more of a role for [bonds] than before. "

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.