Tuesday, October 26, 2021
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Texas officials set to vote on water funding rules

🕐 1 min read

 

BETSY BLANEY, Associated Press

LUBBOCK, Texas (AP) — Texas officials are poised to consider final rules for implementing the state’s water funding plan.

 

Members of the Texas Water Development Board will vote on the proposed rules Thursday in Austin.

 

Voters last year approved using $2 billion from the Rainy Day Fund to finance projects in the state water plan, and lawmakers have said that money would multiply through interest earnings and revenue bonds. It could grow to $27 billion over 50 years.

 

The water plan calls for more than 3,000 projects and strategies to provide additional water. More than a third would come from conservation and reuse, 17 percent from new reservoirs, 34 percent from other surface supplies and 15 percent from other sources.

 

 

Robert Francis
Robert is a Fort Worth native and longtime editor of the Fort Worth Business Press. He is a former president of the local Society of Professional Journalists and was a freelancer for a variety of newspapers, weeklies and magazines, including American Way, BrandWeek and InformatonWeek. A graduate of TCU, Robert has held a variety of writing and editing positions at publications such as the Grand Prairie Daily News and InfoWorld. He is also a musician and playwright.

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