If Proposition 6 passes on Tuesday, the Texas Water Development Board would oversee the management of $2 billion from the state's rainy-day fund. After an overhaul this year, the Texas Water Development Board has new leadership including longtime associates of Gov. Rick Perry. Critics of the measure say that Gov. Perry's history with state agencies - like the troubled Cancer Prevention Research Institute of Texas - raise concerns that the money won't be in the best hands.
With the November election approaching, Republicans representing Northeast Texas in the Texas House of Representatives and the Texas Senate continue to express their support for Proposition 6, the measure that would take $2 billion out of the state's Economic Stabilization Fund, or "Rainy Day Fund," for use in financing water projects around the state.
Less than a week after stepping down from the Texas Rangers front office, baseball's all-time strikeout and no-hit leader is stumping for Proposition 6, the ballot measure that would create a new water fund for Texas. Meanwhile, in Northeast Texas, regional planner Bret McCoy explains a detail of Prop 6 at last week's board meeting in Mount Pleasant.
Texas Governor Rick Perry has been traveling the state, drumming up support for the water-fund initiative that will be on statewide ballots in November. Perry spoke at Lavon Lake on Oct. 10 after having giving similar presentations at San Angelo and Lake Travis earlier in the week. Why is the governor making this issue a high priority?
Some fiscal conservatives support drawing on the state's Economic Stabilization Fund, often called the "Rainy Day Fund," to fund the state's water projects. The question of allocating funds from this source will be on Texas ballots on Nov. 5. However, the Texas Public Policy Foundation, a conservative think-tank in Austin, opposes the measure. Josiah Neeley of the foundation describes some of his organization's views on the ballot initiative.