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Proposition 2 poses no cost to state taxpayers?

By W. Gardner Selby
November 6, 2011

An email blast advocating for a proposed constitutional amendment on the Nov. 8, 2011, Texas ballot says Proposition 2 will help “build critical local water supply projects that create jobs and protect us from drought and wildfire.”

The email from Texans 4 Prop 2, funded by the H2O4TEXAS committee, goes on: “This does not cost state taxpayers any money. Yes, that’s right, Prop 2 advances critical, job-creating local water projects at no cost to state taxpayers.”

Residents of communities benefiting from the requested $6 billion boost in bonding authority would pay such debt costs.

We looked into whether state taxpayers would be scot-free.

Answer: So long as future Legislatures don’t exploit their standing–and occasionally used–authority to pay some of the bond debt from state revenue, meaning money raised from state taxpayers. We rated the claim Half True.

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