Texas leaders demand urgent action on water funding crisis
- A statewide coalition of Texas business leaders calls for a dedicated revenue source for water projects.
- The coalition reveals a need for $154 billion in water infrastructure investments over the next 50 years.
- This initiative seeks to ensure Texas' long-term economic prosperity and the health of its communities.
In Austin, Texas, on December 12, 2024, a coalition of business leaders and organizations launched a significant initiative to address the state's water infrastructure challenges ahead of the upcoming 89th Texas Legislature. This coalition advocates for a reliable water funding source to support essential future water projects. The leaders from various sectors underscore that the future economic growth of Texas hinges on securing dependable water supply and upgrades to deteriorating drinking water and wastewater systems. With a staggering estimate of $154 billion required for investment over the next 50 years, the coalition stresses the importance of creating a dedicated revenue stream for the Texas Water Fund, which was initially established in 2023 following voter support for constitutional initiatives aimed at overhauling water infrastructure. As Texas faces distinct regional water needs influenced by urban growth and the expansion of manufacturing and agriculture, coalition members call for increased financial support in the next legislative session. They emphasize the fundamental role of water supply in helping Texas attract advanced technology and manufacturing back into the state, ensuring job creation and economic development. The coalition comprises various influential groups, including the Dallas Regional Chamber and the Greater Houston Partnership, who are prepared to work with legislators to secure funding for the state's water infrastructure needs in a bid to maintain Texas' economic vitality and quality of life for future generations.