Rainy day fund
The Texas Water Development Board agreed on the funding Thursday. The money is meant for 32 projects spread over 10 years, with $1 billion being disbursed this year.
State officials will vote later this week on approving $1 billion in loans and financial help to fund future water projects across Texas.
Texas water officials will start to evaluate applications seeking $5.5 billion for projects as part of the state’s water plan.
While Texas has bragging rights to a network that includes the most highway lanes in the nation, everything is not rosy.
More than $1.7 billion will be available for Texas highway projects because of a constitutional amendment that allows more money for roads, lawmakers said this week.
Texas officials have approved final rules for implementing the state’s $2 billion plan for water projects.
Texas officials are poised to consider final rules for implementing the state’s water funding plan on Thursday. Texans needs an additional 2.7 trillion gallons of water by 2060.
Voters have approved referendum taking billions of dollars from Texas’ Rainy Day Fund for roads
Tuesday’s ballot measure was widely expected to pass. It had the backing of environmental groups and most of the state’s top elected officials, including Republican Gov. Rick Perry.
Voters have a final day to cast ballots early for Tuesday’s election on nine proposed amendments to the Texas Constitution.
Governor Rick Perry brought his campaign for a statewide water plan to North Texas.
Gov. Rick Perry is urging voters to approve an amendment to the Texas Constitution that would use $2 billion from the state’s Rainy Day Fund to pay for water infrastructure projects.